SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) September 22, 1997
The Originators listed below under a Pooling and Servicing
Agreement, dated as of August 31, 1997, providing for the
issuance of The Money Store Asset-Backed Certificates,
Series 1997-C.
TMS Mortgage Inc.
The Money Store/D.C. Inc.
The Money Store/Minnesota Inc.
The Money Store Home Equity Corp.
The Money Store/Kentucky Inc.
Exact name of registrant as specified in its charter)
* 333-32775 *
(State or other (Commission File (IRS Employer ID
jurisdiction of Number) Number)
incorporation)
-------------------------------------------
*--See Schedule A
2840 Morris Avenue, Union, New Jersey 07083
(Address of principal executive offices) (Zip Code)
Registrants' Telephone Number,
including area code: (908) 686-2000
N/A
(Former name or former address, if changed since last report)
<PAGE>
SCHEDULE
IRS
State Employer
of Identification
Registrant Incorporation Number
TMS Mortgage Inc. New Jersey 22-3217781
The Money Store/D.C. Inc. D.C. 22-2133027
The Money Store/Minnesota Inc. Minnesota 22-3003495
The Money Store Home Equity Corp. Kentucky 22-2522232
The Money Store/Kentucky Inc. Kentucky 22-2459832
<PAGE>
Item 5. OTHER EVENTS
This Current Report on Form 8-K is being filed to file a copy of the
Computational Materials (as defined below) of Prudential Securities
Incorporated, Lehman Brothers Inc., Salomon Brothers Inc., Merrill Lynch & Co.
and Morgan Stanley & Co. Incorporated (each an "Underwriter") in connection with
the issuance by TMS Mortgage Inc., The Money Store/D.C. Inc., The Money
Store/Kentucky Inc., The Money Store Home Equity Corp. and The Money
Store/Minnesota Inc., of The Money Store Asset-Backed Certificates, Series
1997-C. The term "Computational Materials" shall have the meanings given in the
No-Action Letter of May 20, 1994 issued by the Securities and Exchange
Commission to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co.
Incorporated and Kidder Structured Asset Corporation, as supplemented in the
No-Action Letters of May 27, 1994 and February 17, 1995 issued by the SEC to the
Public Securities Association.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) EXHIBITS
EXHIBIT NO.
99.1 Computational Materials of Prudential Securities Incorporated
99.2 Computational Materials of Lehman Brothers Inc.
99.3 Computational Materials of Salomon Brothers Inc
99.4 Computational Materials of Merrill Lynch & Co.
99.5 Computational Materials of Morgan Stanley & Co. Incorporated
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TMS MORTGAGE INC.
THE MONEY STORE/D.C. INC.
THE MONEY STORE/MINNESOTA INC.
THE MONEY STORE HOME EQUITY CORP.
THE MONEY STORE/KENTUCKY INC.
By:/s/ Harry Puglisi
Name: Harry Puglisi
Title: Treasuer
Dated:
<PAGE>
EXHIBIT INDEX
EXHIBIT
99.1 Computational Materials of Prudential Securities Incorporated
99.2 Computational Materials of Lehman Brothers Inc.
99.3 Computational Materials of Salomon Brothers Inc
99.4 Computational Materials of Merrill Lynch & Co.
99.5 Computational Materials of Morgan Stanley & Co. Incorporated
EXHIBIT 99.1
Preliminary Information for The Money Store Trust 1997-C
- The Money Store Inc.
Seller and Servicer
- The Money Store Trust 1997-C
Pool I Certificates
[$63,000,000] Class AF-1 Certificates [ %]
[$60,400,000] Class AF-2 Certificates [ %]
[$80,000,000] Class AF-3 Certificates [ %]
[$47,000,000] Class AF-4 Certificates [ %]
[$32,900,000] Class AF-5 Certificates [ %]
[$39,000,000] Class AF-6 Certificates [ %]
[$37,700,000] Class AF-7 Certificates [ %]
[$40,000,000] Class AF-8 Certificates [ %]
Pool II Certificates
[$498,000,000] Class AV Certificates 1M-LIBOR + [ %]
[$45,000,000] Class MV-1 Certificates [Auction Rate
Class] [$30,000,000] Class MV-2 Certificates [Auction
Rate Class] [$27,000,000] Class BV Certificates
1M-LIBOR + [ %]
Pool III Certificates
[$37,637,000] Class AH-1 Certificates [ %]
[$46,765,000] Class AH-2 Certificates [ %]
[$36,005,000] Class AH-3 Certificates [ %]
[$37,865,000] Class AH-4 Certificates [ %]
[$53,809,000] Class AH-5 Certificates [ %]
[$11,329,000] Class AH-6 Certificates [ %]
[$24,910,000] Class MH-1 Certificates [ %]
[$14,975,000] Class MH-2 Certificates [ %]
[$11,705,000] Class BH Certificates [ %]
Pool IV Certificates
[$25,000,000] Class AMF Certificates [ %]
Total Pool I Certificates [$400,000,000]
Total Pool II Certificates [$600,000,000]
Total Pool III Certificates [$275,000,000]
Total Pool IV Certificates [ $25,000,000]
The analysis in this report is accurate to the best of PSI's knowledge and is
based on information provided by the Seller. PSI makes no representations as to
the accuracy of such information provided to it by the Seller. All assumptions
and information in this report reflect PSI's judgment as of this date and are
subject to change. All analyses are based on certain assumptions noted herein
and different assumptions could yield substantially different results. You are
cautioned that there is no universally accepted method for analyzing financial
instruments. You should review the assumptions; there may be differences between
these assumptions and your actual business practices. Further, PSI does not
guarantee any results and there is no guarantee as to the liquidity of the
instruments involved in this analysis. The decision to adopt any strategy
remains your responsibility. PSI (or any of its affiliates) or their officers,
directors, analysts or employees may have positions in securities, commodities
or derivative instruments thereon referred to here, and may, as principal or
agent, buy or sell such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to herein. Neither
the information nor the assumptions reflected herein shall be construed to be,
or constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein. No
sale of any securities, commodities or derivative instruments should be
consumated without the purchaser first having received a prospectus and, if
required, prospectus supplement. Finally, PSI has not addressed the legal,
accounting and tax implications of the analysis with respect to you, and PSI
strongly urges you to seek advice from your counsel, accountant and tax advisor.
The Money Store Trust 1997-C
Title of Securities: The Money Store Asset Backed
Certificates, Series 1997-C, Classes AF-1 through AF-8,
AV, MV-1, MV-2, BV, AH-1 through AH-6, MH-1, MH-2, BH,
and AMF (collectively, the "Certificates").
Description of This approximately [$1,300,000,000] transaction is
Transaction: supported by four distinct collateral types.
The Class AF-1 through AF-8 Certificates (the "Pool I
Certificates") are fixed-rate bonds backed by fixed-rate
home equity mortgage loans. The Pool I Certificates are
credit enhanced by a surety wrap provided by MBIA.
Certificate Classes AV, MV-1, MV-2 and BV (the "Pool II
Certificates") are floating-rate bonds backed by
adjustable-rate home equity mortgage loans. Classes MV-1
and MV-2 are auction rate classes. The Pool II
Certificates are credit enhanced through subordination.
Certificate Classes AH-1 through AH-6, MH-1, MH-2 and BH
(the "Pool III Certificates") are fixed-rate bonds
backed by fixed-rate, secured home improvement loans.
The Pool III Certificates are credit enhanced through
subordination.
The Class AMF Certificates (the "Pool IV Certificates")
are backed by multi-family mortgage loans. The Pool IV
Certificates are credit enhanced by a surety wrap
provided by MBIA.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE CLASSES AF-1 THROUGH AF-8 (SUPPORTED BY FIXED-RATE HOME EQUITY MORTGAGE LOANS)
- ----------------------------------------------------------------------------------------------------------------------------------
Settlement Date: [September 30, 1997]
Dated Date: [September 1, 1997]
Prepayment Assumption: [24% HEP]--Actual prepayments may vary.
Class AF-1 Class AF-2 Class AF-3 Class AF-4
----------------------------------------------------------------
Moody's Rating: Aaa Aaa Aaa Aaa
Standard & Poor's Rating: AAA AAA AAA AAA
----------------------------------------------------------------
<S> <C> <C> <C> <C>
Approximate Size: [$63,000,000] [$60,400,000] [$80,000,000] [$47,000,000]
Avg. Life to Maturity: (app.) [0.503] [1.180] [2.039] [3.066]
Avg. Life to Call: (app.) [0.503] [1.180] [2.039] [3.066]
Coupon: [ ]
Coupon Day Count 30/360 30/360 30/360 30/360
Expected Maturity (to maturity): [08/15/98] [04/15/99] [05/15/00] [05/15/01]
Expected Maturity (to call): [08/15/98] [04/15/99] [05/15/00] [05/15/01]
Stated Maturity: [10/15/03] [05/15/08] [08/15/12] [08/15/17]
Class AF-5 Class AF-6 Class AF-7 Class AF-8
----------------------------------------------------------------
Moody's Rating: Aaa Aaa Aaa Aaa
Standard & Poor's Rating: AAA AAA AAA AAA
----------------------------------------------------------------
Approximate Size: [$32,900,000] [$39,000,000] [$37,700,000] [$40,000,000]
Avg. Life to Maturity: (app.) [4.042] [5.403] [9.906] [6.312]
Avg. Life to Call: (app.) [4.042] [5.403] [8.255] [6.250]
Coupon: [ ]
Coupon Day Count: 30/360 30/360 30/360 30/360
Expected Maturity (to maturity): [04/15/02] [04/15/04] [10/15/13] [08/15/13]
Expected Maturity (to call): [04/15/02] [04/15/04] [05/15/06] [05/15/06]
Stated Maturity: [06/15/21] [02/15/25] [01/15/39] [01/15/39]
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
Collateral: Approx. [$400,000,000] of first and second lien,
fixed-rate home equity mortgage loans secured primarily
by one-to-four family residences.
Payment Delay: 14 days.
Interest Accrual
Period: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
The Money Store Trust 1997-C
- -------------------------------------------------------------------------------
CERTIFICATE CLASSES AV, MV-1, MV-2 and BV (SUPPORTED BY ADJUSTABLE-RATE
MORTGAGE LOANS)
- -------------------------------------------------------------------------------
Settlement Date: [September 30, 1997]
Dated Date: [September 15, 1997 for Classes AV and BV]
[September 30, 1997 for Classes MV-1 and MV-2]
Prepayment Assumption: [26% CPR]--Actual prepayments may vary.
<TABLE>
<CAPTION>
Class AV Class MV-1 Class MV-2 Class BV
----------------------------------------------------------------
Moody's Rating: Aaa Aa2 A2 Baa3
Standard & Poor's Rating: AAA AA A BBB
----------------------------------------------------------------
<S> <C> <C> <C> <C>
Approximate Size: [$498,000,000] [$45,000,000] [$30,000,000] [$27,000,000]
Avg. Life to Maturity: (app.) [2.104 7.526 11.581 6.131 ]
Avg. Life to Call: (app.) [2.104 7.497 8.625 5.694 ]
Coupon: [ ]
Coupon Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity (to maturity): [01/15/04 11/15/06 09/15/14 09/15/14 ]
Expected Maturity (to call): [01/15/04 05/15/06 05/15/06 05/15/06 ]
Stated Maturity: [05/15/26 02/15/27 01/15/29 01/15/29 ]
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
Collateral: Approx. [$600,000,000] of first lien, adjustable-rate
home equity mortgage loans secured primarily by
one-to-four family residences.
Coupon Step up: If the 10% Clean-Up Call is not exercised, the
coupon on the Class AV Certificates will increase by
[2x] the Class AV margin. The coupon on the Class BV
Certificates will increase by [1.5x] the Class BV
margin.
Available Funds Cap: Class AV, MV-1, MV-2 and BV are subject to
an available funds cap equal to the weighted average
gross coupon less (i) servicing fee (50 bps) and (ii)
trustee fee. Each class is also subject to a hard cap
of [14%].
Shortfall If on any payment date the adjustable-rate certificate
interest distribution amount divided by the
Reimbursement: outstanding principal balance of the
adjustable-rate loans is less than the pass-through
rate (which is subject to a maximum rate equal to the
14% hard cap), the amount of such shortfall and the
aggregate of such shortfalls from previous payment
dates together with accrued interest at the
pass-through rate will be carried forward to the next
payment date until paid. No interest carryforward will
be paid once the principal balance of the related class
has been reduced to zero.
Auction Classes
Descriptions: Certificate Classes MV-1 and MV-2 are auction rate
classes that pay a coupon to investors (based on
1-Month LIBOR) that is reset monthly through a Dutch
Auction. The initial auction rate coupons will be set
on the pricing date. The first auction date subsequent
to the pricing will be 10/14/97, and the first rate
adjustment will occur on 10/15/97. Thereafter, auctions
will occur the business day before each remittance date
(i.e. 11/14/97 for the 11/17/97 remittance date). The
rate determined at the auction is the rate at which
interest will accrue for the following remittance date.
In a Dutch Auction, investors submit orders in the
auction through an eligible broker/dealer, who submits
its clients' orders to an auction agent. The auction
agent processes all orders submitted and determines the
winning rate. The broker/dealers then are notified by
the auction agent of the winning rate, who then in turn
notify their clients of the new certificate coupon. The
winning rate is the lowest rate at which all available
certificates clear the market. This rate is in effect
for the next month, at which time another Dutch Auction
is conducted and the coupon is reset.
Authorized denominations are $25,000 (minimum) and any
integral multiples thereof. The Class MV-1 and MV-2
Certificates are not money market eligible under Rule
2a-7 of the general rules and regulations under the
Investment Company Act of 1940.
Payment Delay: 0 days.
Interest Accrual:
Period: Interest will accrue from the 15th day of the
preceeding month until the 14th day of the preceeding
month. For the first accrual period, for Classes AV and
BV, interest will accrue from [September 15, 1997]. For
Classes MV-1 and MV-2, interest will accrue from
[September 30, 1997].
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<TABLE>
<CAPTION>
The Money Store Trust 1997-C
- --------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE CLASSES AH-1 THROUGH AH-6, MH-1, MH-2 and BH (SUPPORTED BY FIXED-RATE HOME IMPROVEMENT LOANS)
- --------------------------------------------------------------------------------------------------------------------------------
Settlement Date: [September 30, 1997]
Dated Date: [September 1, 1997]
Prepayment Assumption: [17% HEP]--Actual prepayments may vary.
Class AH-1 Class AH-2 Class AH-3 Class AH-4 Class AH-5 Class AH-6
-----------------------------------------------------------------------------------
Standard & Poor's Rating: AAA AAA AAA AAA AAA AAA
Fitch's Rating: AAA AAA AAA AAA AAA AAA
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Approximate Size: [37,637,000 46,765,000 36,005,000 37,865,000 53,809,000 11,329,000]
Avg. Life to Maturity: (app.) [0.450 1.151 2.000 3.000 5.000 7.254]
Avg. Life to Call: (app.) [0.450 1.151 2.000 3.000 5.000 7.254]
Coupon: [ ]
Coupon Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Expected Maturity (to maturity): [07/15/98 04/15/99 03/15/00 05/15/01 07/15/04 07/15/05]
Expected Maturity (to call): [07/15/98 04/15/99 03/15/00 05/15/01 07/15/04 07/15/05]
Stated Maturity: [03/15/03 03/15/07 01/15/10 03/15/12 06/15/15 12/15/15]
Class MH-1 Class MH-2 Class BH
----------------------------------------------
Standard & Poor's Rating: AA A BBB
Fitch's Rating: AA A BBB
----------------------------------------------
Approximate Size: [24,910,000 14,975,000 11,705,000]
Avg. Life to Maturity: (app.) [ 9.443 14.285 7.703]
Avg. Life to Call: (app.) [ 8.493 8.625 6.650]
Coupon: [ ]
Coupon Day Count: 30/360 30/360 30/360
Expected Maturity (to maturity): [06/15/09 02/15/16 02/15/16]
Expected Maturity (to call): [05/15/06 05/15/06 05/15/06]
Stated Maturity: [06/15/19 02/15/24 02/15/24]
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Collateral: Approx. [$275,000,000] of fixed-rate home improvement
loans.
Payment Delay: 14 days.
Interest Accrual:
Period: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
The Money Store Trust 1997-C
- -------------------------------------------------------------------------------
CERTIFICATE CLASS AMF (SUPPORTED BY MULTI-FAMILY MORTGAGE LOANS)
- -------------------------------------------------------------------------------
Settlement Date: [September 30, 1997]
Dated Date: [September 1, 1997]
Prepayment Assumption: [2% CPR months 1-48; 10% CPR beginning month 49
adjusted for seasoning] --Actual prepayments may vary.
Class AMF
---------
Moody's Rating: Aaa
Standard & Poor's Rating: AAA
---------
Approximate Size: [$25,000,000]
Avg. Life to Maturity: (app.) [7.486]
Avg. Life to Call: (app.) [5.679]
Coupon: [ %]
Coupon Day Count: 30/360
Expected Maturity (to maturity): [02/15/26]
Expected Maturity (to call): [05/15/06]
Stated Maturity: [01/15/29]
Payment Delay: 14 days.
Interest Accrual
Period: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
Collateral: Approx. [$25,000,000] of fixed-rate multi-family
mortgage loans, secured by five or more residential or
mixed-use residential and commercial properties.
- ------------------------------------------------------------------------------
Cleanup Call:
(All Certificate
Classes) The Servicer may repurchase the collateral and, as a
result, cause the Certificates to be called at par plus
accrued interest after the remaining balances of the
loans are less than 10% of the sum of the i) the
aggregate principal balances of the initial Home Equity
Loans (Fixed and ARMs), initial Home Improvement Loans
and the initial Multi-Family Loans as of the cut-off
date and ii) the original Pre-Funded Amount.
Prefunding Account: Approximately [25%] of the four collateral pools will
be prefunded in aggregate.
Form of Certificates: Book entry form, same day funds (through DTC, CEDEL or
Euroclear).
Servicer: The Money Store Inc.
Servicing Fee: 50 basis points per annum.
Trustee: [The Bank of New York for the Pool I, Pool II and Pool
IV Certificates.]
Co-Trustee: [First Union for the Pool III Certificates].
Payment Date: The 15th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [October 15, 1997].
ERISA
Considerations: [The Certificates with ratings of AAA/Aaa or AAA/AAA
will be ERISA eligible at closing].
Taxation: REMIC.
Legal Investment: [The Class AV and MV-1 Certificates will be SMMEA
eligible. All other certificate classes will not be
SMMEA eligible.]
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
The Money Store Trust 1997-C
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Credit Enhancement: Pool I (Fixed HELs) Pool II (ARMs) Pool III (HILs) Pool IV (Multi)
------------------- -------------- --------------- ---------------
1) Excess Interest 1) Excess Interest 1) Excess Interest 1) Excess Interest
2) Overcollateralization 2) Overcollateralization 2) Overcollateralization 2) Overcollateralization
3) Cross-Collateraliz. 3) Cross-Collateraliz. 3) Cross-Collateraliz. 3) Cross-Collateraliz.
4) MBIA Wrap 4) Subordination 4) Subordination 4) MBIA Wrap
</TABLE>
Excess Interest: Excess interest cashflows from each group will be
available as credit enhancement for the related group.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for limited acceleration of the
senior Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. The accelerated amortization is
achieved by applying certain excess interest collected
on the collateral to the payment of principal on the
senior Certificates, resulting in the buildup of
overcollateralization ("O/C"). This acceleration
feature is intended to create, with respect to each
Collateral Pool, an O/C amount resulting from, and
equal to, the excess of the aggregate principal
balances of the Collateral Pool over the principal
balance of the related Certificates. Once the required
O/C level is reached, the acceleration feature will
cease, unless necessary to maintain the required O/C
level.
***All O/C Levels are preliminary and subject to
change***
Pool I Certificates:
Initial: [0.00%] Target: [1.75%] of original
Stepdown: [3.50%] of current Floor: [0.50%] of original
Pool II Certificates:
Initial: [0.00%] Target: [2.00%] of original
Stepdown: [4.00%] of current Floor: [0.50%] of original
Pool III Certificates:
Initial: [0.00%] Target: [7.85%] of original
Stepdown: [15.70%] of current Floor: [0.50%] of original
Pool IV Certificates:
Initial: [0.00%] Target: [25.00%] of original
Stepdown: [50.00%] of current Floor: [0.50%] of original
Cross-
Collateralization: Monthly excess spread from each of the four collateral
pools that would otherwise be released to the Residual
Class holder will be available to cover current monthly
losses in the other collateral pools.
Certificate Insurer
for Pool I and IV: Municipal Bond Investors Assurance Corporation
("MBIA"). MBIA's claims-paying ability is rated AAA/Aaa
by Standard and Poor's and Moody's.
Certificate Insurance Timely interest and eventual principal payments on the
Pool I and Pool IV Certificates will be for Pool I and IV: 100% guaranteed by
MBIA.
<TABLE>
<CAPTION>
Subordination: ***All Levels are preliminary and subject to change***
Pool II (ARMs) Pool III (HILs)
(Moody's/S&P) -------------- (S&P/Fitch) ---------------
<S> <C> <C> <C> <C> <C>
Class AV (Aaa/AAA) [17.00%] Class AH (AAA/AAA) [18.75%]
Class MV-1 (Aa2/AA) [9.50%] Class MH-1 (AA/AA) [9.70%]
Class MV-2 (A2/A) [4.50%] Class MH-2 (A/A) [4.25%]
Class BV (Baa3/BBB) --- Class BH (BBB/BBB) ---
Class Sizes:
Pool II (ARMs) Pool III (HILs)
(Moody's/S&P) -------------- (S&P/Fitch) ---------------
Class AV (Aaa/AAA) [83.00%] Class AH (AAA/AAA) [81.25%]
Class MV-1 (Aa2/AA) [7.50%] Class MH-1 (AA/AA) [9.05%]
Class MV-2 (A2/A) [5.00%] Class MH-2 (A/A) [5.45%]
Class BV (Baa3/BBB) [4.50%] Class BH (BBB/BBB) [4.25%]
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
The Money Store Trust 1997-C
Cashflow Structure:
I. Payments are applied as follows:
Pool I: CERTIFICATE CLASSES AF-1 THROUGH AF-8 (supported by fixed-rate
home equity mortgage loans)
1) Ongoing Trust Fees;
2) Accrued monthly interest without priority;
3) Principal payments are applied as follows:
A) to the Class AF-8, an amount equal to the Class AF-8
Principal Distribution Amount (as
described below)
B) to the Class AF-1, Class AF-2, Class AF-3, Class
AF-4, Class AF-5, Class AF-6, Class AF-7 and
Class A-8 Certificates, sequentially in that
order, until each such class is retired.
The Class AF-8 Distribution Amount for any remittance date will
be the product of:
(i) the applicable Class AF-8 Principal Percentage
(as described below) and
(ii) the Class AF-8 Pro Rata Principal Distribution
Amount, where
Class AF-8 Principal
Remittance Dates Percentage
---------------- ----------
October 1997 - September 2000 0%
October 2000 - September 2002 45%
October 2002 - September 2003 80%
October 2003 - September 2004 100%
October 2004 and thereafter 300%
4) To the Residual Holder, to the extent available
after covering current monthly losses in Pool I,
accrued monthly interest based on a coupon of 2.5%
per annum on a notional principal balance equal to
the balance of the Class AF-8 Certificate,
commencing on the first remittance date and
concluding on the [July 1998] Remittance Date;
5) Paydown of Certificates to the required level of
Overcollateralization;
6) Any excess cash flow reverts to the Residual Holder
if not required for Cross-collateralization.
Pool II: CERTIFICATE CLASSES AV, MV-1, MV-2 AND BV
(supported by adjustable-rate home equity mortgage
loans)
1) Ongoing Trust Fees;
2) Accrued monthly interest to Class AV, MV-1, MV-2
and BV in that order of priority;
3) Principal payments are applied as follows:
A) to the Class AV, Class MV-1 and Class MV-2
Certificates, sequentially in that order, until
each such class is retired, provided that to
Class BV Certificates, an amount (if any)
determined as follows:
Prior to the Class BV Cross-over Date (as described
below), there will be no distributions of principal
to the Class BV Certificates. After the Class BV
Cross-Over Date and if a Trigger Event is not in
effect, the holders of the Class BV Certificates
will be entitled to receive their pro rata share of
the principal distribution amount.
The Class BV Cross-Over Date will be the earlier of
(A) the remittance date on which the Class MV-2
principal balance is reduced to zero, and (B) the
first remittance date on or after October 2000 on
which the fraction, expressed as a percentage, the
numerator of which is the sum of the Class AV, MV-1
and MV-2 current principal balances as of the
immediately preceeding remittance date and the
denominater is the aggregate outstanding principal
balance of the Pool II loans as of the end of the
second preceding due period, is less than or equal
to [87%];
4) Interest shortfall carryforward plus interest
thereon to Class AV;
5) Paydown of Certificates to the required level of
Overcollateralization with the exception of an
amount described in payment priority #12, which is
unavailable for this purpose;
6) Interest shortfall carryforward plus interest
thereon to Class MV-1;
7) Pay Class MV-1 Realized Loss Amount (if any) to
Class MV-1;
8) Interest shortfall carryforward plus interest
thereon to Class MV-2;
9) Pay Class MV-2 Realized Loss Amount (if any) to
Class MV-2;
10) Interest shortfall carryforward plus interest
thereon to Class BV;
11) Pay Class BV Realized Loss Amount (if any) to Class
BV;
12) To the Residual Holder, to the extent available
after covering current monthly losses in Pool II,
accrued monthly interest based on a coupon of 4.0%
per annum on a notional principal balance equal to
the balance of the Class MV-1 Certificate,
commencing on the first remittance date and
concluding on the [April 1998] Remittance Date;
13) Any excess cash flow reverts to the Residual Holder
if not required for Cross-collateralization.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
The Money Store Trust 1997-C
Pool III: CERTIFICATE CLASSES AH-1 THROUGH AH-6, MH-1, MH-2
AND BH (supported by home improvement loans)
1) Ongoing Trust Fees;
2) Accrued monthly interest to Class AH-1 through AH-6
without priority;
3) Accrued monthly interest to Class MH-1, MH-2 and BH
in that order of priority
4) Principal payments are applied as follows:
A) to the Class AH-1 through AH-6, Class MH-1 and
Class MH-2 Certificates, sequentially in that
order, until each such class is retired, provided
that to Class BH Certificates, an amount (if any)
determined as follows:
Prior to the Class BH Cross-over Date (as described
below), there will be no distributions of principal
to the Class BH Certificates. After the Class BH
Cross-Over Date and if a Trigger Event is not in
effect, the holders of the Class BH Certificates
will be entitled to receive their pro rata share of
the principal distribution amount.
The Class BH Cross-Over Date will be the earlier of
(A) the remittance date on which the Class MH-2
principal balance is reduced to zero, and (B) the
first remittance date on or after October 2000 on
which the fraction, expressed as a percentage, the
numerator of which is the sum of the Class AH-1
through AH-6, MH-1 and MH-2 current principal
balances as of the immediately preceeding remittance
date and the denominater is the aggregate
outstanding principal balance of the Pool III loans
as of the end of the second preceding due period, is
less than or equal to [75.80%];
5) Interest shortfall carryforward plus interest
thereon to Class AH-1 through AH-6 Certificates
without priority;
6) Paydown of Certificates to the required level of
Overcollateralization;
7) Interest shortfall carryforward plus interest
thereon to Class MH-1;
8) Pay Class MH-1 Realized Loss Amount (if any) to
Class MH-1;
9) Interest shortfall carryforward plus interest
thereon to Class MH-2;
10) Pay Class MH-2 Realized Loss Amount (if any) to
Class MH-2;
11) Interest shortfall carryforward plus interest
thereon to Class BH;
12) Pay Class BH Realized Loss Amount (if any) to Class
BH;
13) Any excess cash flow reverts to the Residual Holder
if not required for Cross-collateralization.
Pool IV: CERTIFICATE CLASS AMF (supported by multi-family
mortgage loans)
1) Ongoing Trust Fees;
2) Accrued monthly interest;
3) Principal payments are applied as follows:
A) 100% to Class AMF until Class AMF is retired;
4) Paydown of Certificates to the required level of
Overcollateralization;
5) Any excess cash flow reverts to the Residual Holder
if not required for Cross-collateralization.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Offers to sell and
solicitations of offers to buy the securities are made
only by the Prospectus. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Available Funds information on Pool II Certificates:
The Certificates are subject to an available funds cap:
Available Funds Cap = The lesser of [14.0%,(Group 2 Collateral Interest -
Servicing Fee - Ongoing Trust Fees)]
Servicing Fee + Ongoing Trust Fees assumed to be 50bp
AVAILABLE
DATE FUNDS CAP (30/360 Daycount)
- ----------------
10/97 9.643
11/97 9.641
12/97 9.671
01/98 9.701
02/98 9.760
03/98 9.875
04/98 9.925
05/98 9.925
06/98 10.114
07/98 10.144
08/98 10.206
09/98 10.279
10/98 10.316
11/98 10.316
12/98 10.416
01/99 10.419
02/99 10.419
03/99 10.419
04/99 10.419
05/99 10.474
06/99 10.475
07/99 10.551
08/99 10.671
09/99 10.748
10/99 10.748
11/99 10.748
12/99 10.833
01/00 10.833
02/00 10.833
03/00 10.833
04/00 10.833
05/00 10.833
06/00 10.833
07/00 10.859
08/00 10.859
09/00 10.859
10/00 10.859
11/00 10.859
12/00 10.867
01/01 10.867
02/01 10.867
03/01 10.867
04/01 10.867
05/01 10.867
06/01 10.867
07/01 10.867
08/01 10.951
09/01 11.132 ...
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $63,000,000.00 DATED DATE: 09/01/97
COUPON: 6.365% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $63,000,000.00 BOND AF1 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.454 6.454 6.454 6.454 6.455 6.455 6.455 6.455
99-24+ 6.422 6.426 6.424 6.423 6.421 6.420 6.418 6.417
99-25 6.389 6.398 6.395 6.392 6.387 6.384 6.382 6.380
99-25+ 6.357 6.369 6.365 6.361 6.353 6.349 6.345 6.342
99-26 6.324 6.341 6.335 6.329 6.319 6.314 6.309 6.304
99-26+ 6.292 6.313 6.306 6.298 6.285 6.279 6.272 6.266
99-27 6.259 6.285 6.276 6.267 6.251 6.243 6.235 6.229
99-27+ 6.226 6.257 6.246 6.236 6.217 6.208 6.199 6.191
99-28 6.194 6.229 6.217 6.205 6.183 6.173 6.162 6.153
99-28+ 6.161 6.201 6.187 6.174 6.149 6.138 6.126 6.116
99-29 6.129 6.173 6.158 6.142 6.115 6.103 6.089 6.078
99-29+ 6.096 6.145 6.128 6.111 6.081 6.068 6.053 6.040
99-30 6.064 6.117 6.098 6.080 6.047 6.033 6.016 6.003
99-30+ 6.032 6.089 6.069 6.049 6.014 5.997 5.980 5.965
99-31 5.999 6.061 6.039 6.018 5.980 5.962 5.944 5.928
99-31+ 5.967 6.033 6.010 5.987 5.946 5.927 5.907 5.890
100-00 5.934 6.005 5.980 5.956 5.912 5.892 5.871 5.852
100-00+ 5.902 5.977 5.951 5.925 5.878 5.857 5.834 5.815
100-01 5.869 5.949 5.921 5.894 5.844 5.822 5.798 5.777
100-01+ 5.837 5.921 5.892 5.863 5.811 5.787 5.762 5.740
100-02 5.805 5.893 5.862 5.832 5.777 5.752 5.725 5.702
100-02+ 5.772 5.865 5.833 5.801 5.743 5.717 5.689 5.665
100-03 5.740 5.837 5.803 5.770 5.709 5.682 5.652 5.627
100-03+ 5.708 5.809 5.774 5.739 5.676 5.647 5.616 5.590
100-04 5.675 5.781 5.744 5.708 5.642 5.612 5.580 5.552
100-04+ 5.643 5.753 5.715 5.677 5.608 5.577 5.544 5.515
100-05 5.611 5.725 5.685 5.646 5.574 5.542 5.507 5.478
100-05+ 5.578 5.698 5.656 5.615 5.541 5.507 5.471 5.440
100-06 5.546 5.670 5.626 5.584 5.507 5.472 5.435 5.403
100-06+ 5.514 5.642 5.597 5.553 5.473 5.437 5.398 5.365
100-07 5.481 5.614 5.568 5.522 5.440 5.403 5.362 5.328
100-07+ 5.449 5.586 5.538 5.491 5.406 5.368 5.326 5.291
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 0.503 0.585 0.553 0.526 0.482 0.464 0.447 0.433
Last Payment 0.875 1.042 0.958 0.875 0.792 0.792 0.792 0.708
Mod.Dur. @ 100-00 0.479 0.555 0.526 0.500 0.460 0.443 0.427 0.414
Accrued Interest 0.513 0.513 0.513 0.513 0.513 0.513 0.513 0.513
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $60,400,000.00 DATED DATE: 09/01/97
COUPON: 6.320% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $60,400,000.00 BOND AF2 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.407 6.407 6.407 6.407 6.408 6.408 6.408 6.408
99-24+ 6.393 6.395 6.394 6.394 6.393 6.392 6.391 6.391
99-25 6.379 6.383 6.382 6.380 6.378 6.376 6.375 6.374
99-25+ 6.365 6.372 6.369 6.367 6.363 6.361 6.359 6.357
99-26 6.351 6.360 6.357 6.354 6.348 6.345 6.342 6.339
99-26+ 6.337 6.349 6.344 6.341 6.333 6.329 6.326 6.322
99-27 6.322 6.337 6.332 6.327 6.318 6.313 6.309 6.305
99-27+ 6.308 6.326 6.320 6.314 6.303 6.298 6.293 6.288
99-28 6.294 6.314 6.307 6.301 6.288 6.282 6.276 6.271
99-28+ 6.280 6.302 6.295 6.287 6.273 6.266 6.260 6.254
99-29 6.266 6.291 6.282 6.274 6.258 6.251 6.244 6.236
99-29+ 6.252 6.279 6.270 6.261 6.243 6.235 6.227 6.219
99-30 6.238 6.268 6.257 6.247 6.228 6.219 6.211 6.202
99-30+ 6.224 6.256 6.245 6.234 6.213 6.203 6.194 6.185
99-31 6.209 6.245 6.232 6.221 6.199 6.188 6.178 6.168
99-31+ 6.195 6.233 6.220 6.208 6.184 6.172 6.162 6.151
100-00 6.181 6.221 6.207 6.194 6.169 6.156 6.145 6.134
100-00+ 6.167 6.210 6.195 6.181 6.154 6.141 6.129 6.117
100-01 6.153 6.198 6.183 6.168 6.139 6.125 6.112 6.099
100-01+ 6.139 6.187 6.170 6.155 6.124 6.109 6.096 6.082
100-02 6.125 6.175 6.158 6.141 6.109 6.094 6.080 6.065
100-02+ 6.111 6.164 6.145 6.128 6.094 6.078 6.063 6.048
100-03 6.097 6.152 6.133 6.115 6.079 6.062 6.047 6.031
100-03+ 6.082 6.141 6.120 6.101 6.065 6.047 6.031 6.014
100-04 6.068 6.129 6.108 6.088 6.050 6.031 6.014 5.997
100-04+ 6.054 6.118 6.096 6.075 6.035 6.015 5.998 5.980
100-05 6.040 6.106 6.083 6.062 6.020 6.000 5.981 5.963
100-05+ 6.026 6.094 6.071 6.049 6.005 5.984 5.965 5.946
100-06 6.012 6.083 6.058 6.035 5.990 5.969 5.949 5.929
100-06+ 5.998 6.071 6.046 6.022 5.975 5.953 5.932 5.911
100-07 5.984 6.060 6.034 6.009 5.960 5.937 5.916 5.894
100-07+ 5.970 6.048 6.021 5.996 5.946 5.922 5.900 5.877
First Payment 0.875 1.042 0.958 0.875 0.792 0.792 0.792 0.708
Average Life 1.180 1.453 1.345 1.257 1.115 1.057 1.010 0.965
Last Payment 1.542 1.875 1.792 1.625 1.458 1.375 1.292 1.208
Mod.Dur. @ 100-00 1.102 1.345 1.249 1.171 1.044 0.992 0.949 0.908
Accrued Interest 0.509 0.509 0.509 0.509 0.509 0.509 0.509 0.509
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $80,000,000.00 DATED DATE: 09/01/97
COUPON: 6.345% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $80,000,000.00 BOND AF3 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.431 6.431 6.431 6.431 6.431 6.431 6.431 6.431
99-24+ 6.423 6.424 6.424 6.423 6.422 6.422 6.421 6.421
99-25 6.414 6.417 6.416 6.415 6.413 6.412 6.411 6.410
99-25+ 6.406 6.411 6.409 6.407 6.404 6.403 6.401 6.400
99-26 6.397 6.404 6.402 6.399 6.395 6.393 6.391 6.389
99-26+ 6.389 6.397 6.394 6.392 6.386 6.384 6.381 6.378
99-27 6.381 6.390 6.387 6.384 6.377 6.374 6.371 6.368
99-27+ 6.372 6.384 6.380 6.376 6.368 6.365 6.361 6.357
99-28 6.364 6.377 6.373 6.368 6.359 6.355 6.351 6.347
99-28+ 6.355 6.370 6.365 6.360 6.350 6.346 6.341 6.336
99-29 6.347 6.364 6.358 6.352 6.341 6.336 6.331 6.325
99-29+ 6.339 6.357 6.351 6.345 6.333 6.327 6.321 6.315
99-30 6.330 6.350 6.343 6.337 6.324 6.317 6.311 6.304
99-30+ 6.322 6.343 6.336 6.329 6.315 6.308 6.301 6.294
99-31 6.313 6.337 6.329 6.321 6.306 6.298 6.290 6.283
99-31+ 6.305 6.330 6.322 6.313 6.297 6.289 6.280 6.272
100-00 6.297 6.323 6.314 6.305 6.288 6.279 6.270 6.262
100-00+ 6.288 6.317 6.307 6.298 6.279 6.270 6.260 6.251
100-01 6.280 6.310 6.300 6.290 6.270 6.260 6.250 6.241
100-01+ 6.271 6.303 6.293 6.282 6.261 6.251 6.240 6.230
100-02 6.263 6.297 6.285 6.274 6.252 6.241 6.230 6.219
100-02+ 6.255 6.290 6.278 6.266 6.243 6.232 6.220 6.209
100-03 6.246 6.283 6.271 6.258 6.234 6.222 6.210 6.198
100-03+ 6.238 6.277 6.263 6.251 6.225 6.213 6.200 6.188
100-04 6.229 6.270 6.256 6.243 6.216 6.203 6.190 6.177
100-04+ 6.221 6.263 6.249 6.235 6.207 6.194 6.180 6.167
100-05 6.213 6.256 6.242 6.227 6.198 6.184 6.170 6.156
100-05+ 6.204 6.250 6.234 6.219 6.189 6.175 6.160 6.145
100-06 6.196 6.243 6.227 6.211 6.181 6.165 6.150 6.135
100-06+ 6.188 6.236 6.220 6.204 6.172 6.156 6.140 6.124
100-07 6.179 6.230 6.213 6.196 6.163 6.146 6.130 6.114
100-07+ 6.171 6.223 6.205 6.188 6.154 6.137 6.120 6.103
First Payment 1.542 1.875 1.792 1.625 1.458 1.375 1.292 1.208
Average Life 2.039 2.602 2.380 2.195 1.905 1.788 1.685 1.593
Last Payment 2.625 3.375 3.125 2.792 2.458 2.292 2.125 2.042
Mod.Dur. @ 100-00 1.852 2.321 2.138 1.984 1.738 1.637 1.548 1.468
Accrued Interest 0.511 0.511 0.511 0.511 0.511 0.511 0.511 0.511
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $47,000,000.00 DATED DATE: 09/01/97
COUPON: 6.405% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $47,000,000.00 BOND AF4 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.491 6.491 6.491 6.491 6.491 6.491 6.491 6.491
99-24+ 6.486 6.487 6.486 6.486 6.485 6.485 6.484 6.484
99-25 6.480 6.482 6.481 6.481 6.479 6.478 6.477 6.476
99-25+ 6.474 6.478 6.476 6.475 6.473 6.471 6.470 6.469
99-26 6.468 6.473 6.472 6.470 6.467 6.465 6.463 6.462
99-26+ 6.462 6.469 6.467 6.464 6.460 6.458 6.456 6.454
99-27 6.457 6.464 6.462 6.459 6.454 6.452 6.449 6.447
99-27+ 6.451 6.460 6.457 6.454 6.448 6.445 6.442 6.439
99-28 6.445 6.455 6.452 6.448 6.442 6.438 6.435 6.432
99-28+ 6.439 6.451 6.447 6.443 6.436 6.432 6.428 6.424
99-29 6.434 6.446 6.442 6.438 6.429 6.425 6.421 6.417
99-29+ 6.428 6.442 6.437 6.432 6.423 6.419 6.414 6.410
99-30 6.422 6.437 6.432 6.427 6.417 6.412 6.407 6.402
99-30+ 6.416 6.432 6.427 6.422 6.411 6.405 6.400 6.395
99-31 6.410 6.428 6.422 6.416 6.405 6.399 6.393 6.387
99-31+ 6.405 6.423 6.417 6.411 6.398 6.392 6.386 6.380
100-00 6.399 6.419 6.412 6.406 6.392 6.386 6.379 6.373
100-00+ 6.393 6.414 6.407 6.400 6.386 6.379 6.372 6.365
100-01 6.387 6.410 6.403 6.395 6.380 6.372 6.365 6.358
100-01+ 6.382 6.405 6.398 6.390 6.374 6.366 6.358 6.350
100-02 6.376 6.401 6.393 6.384 6.368 6.359 6.351 6.343
100-02+ 6.370 6.396 6.388 6.379 6.361 6.353 6.344 6.335
100-03 6.364 6.392 6.383 6.374 6.355 6.346 6.337 6.328
100-03+ 6.359 6.387 6.378 6.368 6.349 6.340 6.330 6.321
100-04 6.353 6.383 6.373 6.363 6.343 6.333 6.323 6.313
100-04+ 6.347 6.378 6.368 6.358 6.337 6.326 6.316 6.306
100-05 6.341 6.374 6.363 6.352 6.331 6.320 6.309 6.298
100-05+ 6.336 6.369 6.358 6.347 6.324 6.313 6.302 6.291
100-06 6.330 6.365 6.353 6.342 6.318 6.307 6.295 6.284
100-06+ 6.324 6.360 6.348 6.336 6.312 6.300 6.288 6.276
100-07 6.318 6.356 6.344 6.331 6.306 6.294 6.281 6.269
100-07+ 6.313 6.351 6.339 6.326 6.300 6.287 6.274 6.261
First Payment 2.625 3.375 3.125 2.792 2.458 2.292 2.125 2.042
Average Life 3.066 4.037 3.658 3.336 2.839 2.646 2.478 2.329
Last Payment 3.625 4.708 4.292 3.875 3.292 3.042 2.875 2.708
Mod.Dur. @ 100-00 2.697 3.445 3.158 2.909 2.515 2.358 2.221 2.097
Accrued Interest 0.516 0.516 0.516 0.516 0.516 0.516 0.516 0.516
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $32,900,000.00 DATED DATE: 09/01/97
COUPON: 6.580% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $32,900,000.00 BOND AF5 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.669 6.669 6.669 6.669 6.669 6.669 6.669 6.668
99-24+ 6.665 6.666 6.665 6.665 6.664 6.664 6.663 6.663
99-25 6.660 6.662 6.662 6.661 6.659 6.658 6.657 6.657
99-25+ 6.655 6.659 6.658 6.657 6.654 6.653 6.652 6.651
99-26 6.651 6.655 6.654 6.652 6.649 6.648 6.646 6.645
99-26+ 6.646 6.652 6.650 6.648 6.645 6.643 6.641 6.639
99-27 6.642 6.648 6.646 6.644 6.640 6.637 6.635 6.633
99-27+ 6.637 6.645 6.642 6.640 6.635 6.632 6.629 6.627
99-28 6.633 6.641 6.638 6.636 6.630 6.627 6.624 6.621
99-28+ 6.628 6.637 6.634 6.631 6.625 6.622 6.618 6.615
99-29 6.624 6.634 6.631 6.627 6.620 6.616 6.613 6.609
99-29+ 6.619 6.630 6.627 6.623 6.615 6.611 6.607 6.603
99-30 6.615 6.627 6.623 6.619 6.610 6.606 6.602 6.597
99-30+ 6.610 6.623 6.619 6.615 6.606 6.601 6.596 6.591
99-31 6.606 6.620 6.615 6.610 6.601 6.596 6.590 6.585
99-31+ 6.601 6.616 6.611 6.606 6.596 6.590 6.585 6.579
100-00 6.597 6.613 6.607 6.602 6.591 6.585 6.579 6.573
100-00+ 6.592 6.609 6.603 6.598 6.586 6.580 6.574 6.567
100-01 6.588 6.606 6.600 6.594 6.581 6.575 6.568 6.562
100-01+ 6.583 6.602 6.596 6.589 6.576 6.570 6.563 6.556
100-02 6.578 6.598 6.592 6.585 6.571 6.564 6.557 6.550
100-02+ 6.574 6.595 6.588 6.581 6.567 6.559 6.551 6.544
100-03 6.569 6.591 6.584 6.577 6.562 6.554 6.546 6.538
100-03+ 6.565 6.588 6.580 6.573 6.557 6.549 6.540 6.532
100-04 6.560 6.584 6.576 6.568 6.552 6.543 6.535 6.526
100-04+ 6.556 6.581 6.572 6.564 6.547 6.538 6.529 6.520
100-05 6.551 6.577 6.569 6.560 6.542 6.533 6.524 6.514
100-05+ 6.547 6.574 6.565 6.556 6.537 6.528 6.518 6.508
100-06 6.542 6.570 6.561 6.552 6.533 6.523 6.512 6.502
100-06+ 6.538 6.567 6.557 6.548 6.528 6.517 6.507 6.496
100-07 6.533 6.563 6.553 6.543 6.523 6.512 6.501 6.490
100-07+ 6.529 6.559 6.549 6.539 6.518 6.507 6.496 6.485
First Payment 3.625 4.708 4.292 3.875 3.292 3.042 2.875 2.708
Average Life 4.042 5.374 4.844 4.410 3.720 3.439 3.191 2.979
Last Payment 4.542 6.125 5.458 4.958 4.208 3.875 3.542 3.292
Mod.Dur. @ 100-00 3.436 4.382 4.015 3.705 3.195 2.979 2.787 2.620
Accrued Interest 0.530 0.530 0.530 0.530 0.530 0.530 0.530 0.530
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $39,000,000.00 DATED DATE: 09/01/97
COUPON: 6.700% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $39,000,000.00 BOND AF6 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.792 6.792 6.792 6.792 6.792 6.791 6.791 6.791
99-24+ 6.788 6.790 6.789 6.789 6.788 6.787 6.787 6.786
99-25 6.785 6.787 6.786 6.785 6.784 6.783 6.782 6.782
99-25+ 6.781 6.784 6.783 6.782 6.780 6.779 6.778 6.777
99-26 6.778 6.782 6.780 6.779 6.776 6.775 6.774 6.772
99-26+ 6.774 6.779 6.777 6.776 6.772 6.771 6.769 6.767
99-27 6.770 6.776 6.774 6.772 6.769 6.767 6.765 6.763
99-27+ 6.767 6.774 6.771 6.769 6.765 6.763 6.760 6.758
99-28 6.763 6.771 6.768 6.766 6.761 6.758 6.756 6.753
99-28+ 6.760 6.768 6.765 6.763 6.757 6.754 6.752 6.749
99-29 6.756 6.766 6.763 6.759 6.753 6.750 6.747 6.744
99-29+ 6.753 6.763 6.760 6.756 6.749 6.746 6.743 6.739
99-30 6.749 6.760 6.757 6.753 6.746 6.742 6.738 6.735
99-30+ 6.746 6.757 6.754 6.749 6.742 6.738 6.734 6.730
99-31 6.742 6.755 6.751 6.746 6.738 6.734 6.730 6.725
99-31+ 6.738 6.752 6.748 6.743 6.734 6.730 6.725 6.721
100-00 6.735 6.749 6.745 6.740 6.730 6.726 6.721 6.716
100-00+ 6.731 6.747 6.742 6.736 6.726 6.721 6.716 6.711
100-01 6.728 6.744 6.739 6.733 6.723 6.717 6.712 6.707
100-01+ 6.724 6.741 6.736 6.730 6.719 6.713 6.708 6.702
100-02 6.721 6.739 6.733 6.727 6.715 6.709 6.703 6.697
100-02+ 6.717 6.736 6.730 6.723 6.711 6.705 6.699 6.693
100-03 6.714 6.733 6.727 6.720 6.707 6.701 6.694 6.688
100-03+ 6.710 6.731 6.724 6.717 6.703 6.697 6.690 6.683
100-04 6.707 6.728 6.721 6.714 6.700 6.693 6.686 6.678
100-04+ 6.703 6.725 6.718 6.710 6.696 6.689 6.681 6.674
100-05 6.699 6.723 6.715 6.707 6.692 6.684 6.677 6.669
100-05+ 6.696 6.720 6.712 6.704 6.688 6.680 6.673 6.664
100-06 6.692 6.717 6.709 6.701 6.684 6.676 6.668 6.660
100-06+ 6.689 6.715 6.706 6.697 6.681 6.672 6.664 6.655
100-07 6.685 6.712 6.703 6.694 6.677 6.668 6.659 6.650
100-07+ 6.682 6.709 6.700 6.691 6.673 6.664 6.655 6.646
First Payment 4.542 6.125 5.458 4.958 4.208 3.875 3.542 3.292
Average Life 5.403 7.703 6.776 5.988 4.935 4.537 4.199 3.901
Last Payment 6.542 9.708 8.792 7.792 5.958 5.375 4.958 4.625
Mod.Dur. @ 100-00 4.382 5.804 5.255 4.765 4.063 3.783 3.540 3.320
Accrued Interest 0.540 0.540 0.540 0.540 0.540 0.540 0.540 0.540
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $37,700,000.00 DATED DATE: 09/01/97
COUPON: 7.020% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $37,700,000.00 BOND AF7 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 7.120 7.121 7.120 7.120 7.120 7.120 7.119 7.119
99-24+ 7.118 7.119 7.118 7.118 7.117 7.117 7.116 7.116
99-25 7.115 7.117 7.116 7.116 7.115 7.114 7.114 7.113
99-25+ 7.113 7.115 7.114 7.114 7.112 7.112 7.111 7.110
99-26 7.111 7.113 7.112 7.112 7.110 7.109 7.108 7.107
99-26+ 7.109 7.111 7.110 7.110 7.108 7.106 7.105 7.104
99-27 7.106 7.109 7.108 7.107 7.105 7.104 7.102 7.100
99-27+ 7.104 7.107 7.106 7.105 7.103 7.101 7.099 7.097
99-28 7.102 7.105 7.104 7.103 7.100 7.098 7.097 7.094
99-28+ 7.099 7.103 7.102 7.101 7.098 7.096 7.094 7.091
99-29 7.097 7.101 7.100 7.099 7.095 7.093 7.091 7.088
99-29+ 7.095 7.099 7.098 7.097 7.093 7.091 7.088 7.085
99-30 7.093 7.098 7.096 7.095 7.090 7.088 7.085 7.082
99-30+ 7.090 7.096 7.094 7.092 7.088 7.085 7.082 7.079
99-31 7.088 7.094 7.092 7.090 7.086 7.083 7.080 7.076
99-31+ 7.086 7.092 7.090 7.088 7.083 7.080 7.077 7.073
100-00 7.084 7.090 7.088 7.086 7.081 7.077 7.074 7.070
100-00+ 7.081 7.088 7.086 7.084 7.078 7.075 7.071 7.067
100-01 7.079 7.086 7.084 7.082 7.076 7.072 7.068 7.064
100-01+ 7.077 7.084 7.082 7.080 7.073 7.070 7.065 7.061
100-02 7.074 7.082 7.080 7.077 7.071 7.067 7.063 7.058
100-02+ 7.072 7.080 7.078 7.075 7.068 7.064 7.060 7.055
100-03 7.070 7.078 7.076 7.073 7.066 7.062 7.057 7.052
100-03+ 7.068 7.077 7.074 7.071 7.064 7.059 7.054 7.049
100-04 7.065 7.075 7.072 7.069 7.061 7.056 7.051 7.045
100-04+ 7.063 7.073 7.070 7.067 7.059 7.054 7.048 7.042
100-05 7.061 7.071 7.068 7.065 7.056 7.051 7.046 7.039
100-05+ 7.058 7.069 7.066 7.063 7.054 7.049 7.043 7.036
100-06 7.056 7.067 7.064 7.060 7.051 7.046 7.040 7.033
100-06+ 7.054 7.065 7.062 7.058 7.049 7.043 7.037 7.030
100-07 7.052 7.063 7.060 7.056 7.046 7.041 7.034 7.027
100-07+ 7.049 7.061 7.058 7.054 7.044 7.038 7.031 7.024
First Payment 6.542 9.708 8.792 7.792 5.958 5.375 4.958 4.625
Average Life 9.906 12.855 11.811 10.861 9.005 8.177 7.412 6.714
Last Payment 16.042 20.458 18.875 17.375 14.958 14.125 13.292 12.542
Mod.Dur. @ 100-00 6.818 8.114 7.690 7.274 6.360 5.917 5.490 5.086
Accrued Interest 0.565 0.565 0.565 0.565 0.565 0.565 0.565 0.565
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $40,000,000.00 DATED DATE: 09/01/97
COUPON: 6.635% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 11
ORIGINAL BALANCE: $40,000,000.00 BOND AF8 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
MULTS VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR VECTOR CPR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 18 HEP 20 HEP 22 HEP 26 HEP 28 HEP 30 HEP 32 CPR
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 6.726 6.726 6.726 6.726 6.726 6.726 6.726 6.726
99-24+ 6.723 6.723 6.723 6.723 6.722 6.722 6.722 6.722
99-25 6.719 6.720 6.720 6.720 6.719 6.719 6.719 6.719
99-25+ 6.716 6.717 6.717 6.716 6.716 6.716 6.716 6.716
99-26 6.713 6.714 6.714 6.713 6.713 6.713 6.712 6.712
99-26+ 6.710 6.711 6.711 6.710 6.710 6.709 6.709 6.709
99-27 6.707 6.708 6.707 6.707 6.706 6.706 6.706 6.705
99-27+ 6.704 6.705 6.704 6.704 6.703 6.703 6.702 6.702
99-28 6.700 6.702 6.701 6.701 6.700 6.700 6.699 6.699
99-28+ 6.697 6.699 6.698 6.698 6.697 6.696 6.696 6.695
99-29 6.694 6.696 6.695 6.695 6.694 6.693 6.693 6.692
99-29+ 6.691 6.693 6.692 6.692 6.690 6.690 6.689 6.689
99-30 6.688 6.690 6.689 6.688 6.687 6.687 6.686 6.685
99-30+ 6.685 6.687 6.686 6.685 6.684 6.683 6.683 6.682
99-31 6.681 6.684 6.683 6.682 6.681 6.680 6.679 6.679
99-31+ 6.678 6.681 6.680 6.679 6.678 6.677 6.676 6.675
100-00 6.675 6.678 6.677 6.676 6.674 6.674 6.673 6.672
100-00+ 6.672 6.675 6.674 6.673 6.671 6.670 6.670 6.669
100-01 6.669 6.672 6.671 6.670 6.668 6.667 6.666 6.665
100-01+ 6.666 6.669 6.668 6.667 6.665 6.664 6.663 6.662
100-02 6.663 6.666 6.665 6.664 6.662 6.661 6.660 6.659
100-02+ 6.659 6.663 6.662 6.661 6.658 6.657 6.656 6.655
100-03 6.656 6.660 6.659 6.658 6.655 6.654 6.653 6.652
100-03+ 6.653 6.657 6.656 6.654 6.652 6.651 6.650 6.649
100-04 6.650 6.654 6.653 6.651 6.649 6.648 6.646 6.645
100-04+ 6.647 6.651 6.650 6.648 6.646 6.644 6.643 6.642
100-05 6.644 6.648 6.647 6.645 6.642 6.641 6.640 6.639
100-05+ 6.641 6.645 6.644 6.642 6.639 6.638 6.637 6.635
100-06 6.637 6.642 6.641 6.639 6.636 6.635 6.633 6.632
100-06+ 6.634 6.639 6.638 6.636 6.633 6.631 6.630 6.629
100-07 6.631 6.636 6.635 6.633 6.630 6.628 6.627 6.625
100-07+ 6.628 6.633 6.632 6.630 6.626 6.625 6.623 6.622
First Payment 3.042 3.042 3.042 3.042 3.042 3.042 3.042 3.042
Average Life 6.312 6.779 6.610 6.454 6.186 6.072 5.967 5.869
Last Payment 15.875 20.208 18.625 17.208 14.625 13.958 13.125 12.375
Mod.Dur. @ 100-00 4.933 5.214 5.114 5.020 4.854 4.783 4.716 4.653
Accrued Interest 0.534 0.534 0.534 0.534 0.534 0.534 0.534 0.534
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $498,000,000.00 DATED DATE: 09/15/97
CURRENT COUPON: 5.826% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $498,000,000.00 BOND AV DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/30/97
ASSUMED CONSTANT LIBOR-1M 5.6563
************ TO CALL ***********
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
ARM GRP (CPR) 26.00 13.00 20.00 33.00 39.00 45.00 50.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
HIL GRP (HEP) 17.00 17.00 17.00 17.00 17.00 17.00 17.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 29.923 23.848 26.941 33.790 37.436 41.294 44.643
99-24+ 29.112 23.418 26.317 32.736 36.154 39.769 42.908
99-25 28.301 22.989 25.694 31.682 34.871 38.245 41.173
99-25+ 27.490 22.559 25.070 30.629 33.589 36.721 39.439
99-26 26.679 22.129 24.446 29.576 32.307 35.197 37.706
99-26+ 25.869 21.700 23.823 28.523 31.026 33.674 35.972
99-27 25.059 21.271 23.200 27.471 29.745 32.151 34.240
99-27+ 24.249 20.841 22.577 26.418 28.464 30.628 32.507
99-28 23.439 20.412 21.954 25.366 27.184 29.106 30.775
99-28+ 22.630 19.983 21.331 24.315 25.904 27.584 29.044
99-29 21.821 19.555 20.708 23.263 24.624 26.063 27.313
99-29+ 21.012 19.126 20.086 22.212 23.344 24.542 25.582
99-30 20.203 18.697 19.464 21.161 22.065 23.021 23.852
99-30+ 19.394 18.269 18.842 20.111 20.786 21.501 22.122
99-31 18.586 17.840 18.220 19.060 19.508 19.981 20.392
99-31+ 17.778 17.412 17.598 18.010 18.230 18.462 18.663
100-00 16.970 16.984 16.977 16.961 16.952 16.943 16.935
100-00+ 16.162 16.556 16.355 15.911 15.674 15.424 15.207
100-01 15.354 16.128 15.734 14.862 14.397 13.906 13.479
100-01+ 14.547 15.700 15.113 13.813 13.120 12.388 11.752
100-02 13.740 15.272 14.492 12.764 11.844 10.870 10.025
100-02+ 12.933 14.845 13.871 11.716 10.568 9.353 8.299
100-03 12.126 14.417 13.251 10.667 9.292 7.836 6.573
100-03+ 11.320 13.990 12.630 9.620 8.016 6.320 4.847
100-04 10.513 13.563 12.010 8.572 6.741 4.804 3.122
100-04+ 9.707 13.136 11.390 7.525 5.466 3.288 1.398
100-05 8.902 12.709 10.770 6.477 4.191 1.773 -0.327
100-05+ 8.096 12.282 10.150 5.431 2.917 0.258 -2.050
100-06 7.290 11.855 9.531 4.384 1.643 -1.257 -3.774
100-06+ 6.485 11.429 8.912 3.338 0.369 -2.771 -5.497
100-07 5.680 11.002 8.292 2.292 -0.904 -4.285 -7.219
100-07+ 4.875 10.576 7.673 1.246 -2.177 -5.798 -8.941
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 2.104 4.384 2.826 1.580 1.279 1.066 0.931
Last Payment 6.292 12.375 8.542 4.708 3.708 2.792 2.458
Mod.Dur. @ 100-00 1.857 3.503 2.413 1.429 1.174 0.988 0.868
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $27,000,000.00 DATED DATE: 09/15/97
CURRENT COUPON: 6.656% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $27,000,000.00 BOND BV DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/30/97
ASSUMED CONSTANT LIBOR-1M 5.6563
************ TO CALL ***********
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
ARM GRP (CPR) 26.00 13.00 20.00 33.00 39.00 45.00 50.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
HIL GRP (HEP) 17.00 17.00 17.00 17.00 17.00 17.00 17.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 105.312 103.602 104.764 105.740 106.047 106.312 106.528
99-24+ 104.978 103.376 104.465 105.379 105.667 105.916 106.118
99-25 104.645 103.149 104.166 105.019 105.288 105.519 105.708
99-25+ 104.311 102.923 103.867 104.659 104.908 105.123 105.299
99-26 103.978 102.697 103.568 104.299 104.529 104.727 104.889
99-26+ 103.645 102.471 103.269 103.939 104.149 104.331 104.480
99-27 103.312 102.246 102.970 103.579 103.770 103.935 104.070
99-27+ 102.979 102.020 102.671 103.219 103.391 103.540 103.661
99-28 102.646 101.794 102.373 102.859 103.012 103.144 103.252
99-28+ 102.313 101.568 102.074 102.499 102.633 102.748 102.842
99-29 101.980 101.342 101.775 102.139 102.254 102.353 102.433
99-29+ 101.647 101.117 101.477 101.780 101.875 101.957 102.024
99-30 101.314 100.891 101.179 101.420 101.496 101.562 101.615
99-30+ 100.981 100.665 100.880 101.061 101.117 101.166 101.206
99-31 100.649 100.440 100.582 100.701 100.739 100.771 100.797
99-31+ 100.316 100.214 100.284 100.342 100.360 100.376 100.389
100-00 99.984 99.989 99.985 99.982 99.981 99.981 99.980
100-00+ 99.651 99.764 99.687 99.623 99.603 99.586 99.571
100-01 99.319 99.538 99.389 99.264 99.225 99.191 99.163
100-01+ 98.987 99.313 99.091 98.905 98.846 98.796 98.754
100-02 98.654 99.088 98.793 98.546 98.468 98.401 98.346
100-02+ 98.322 98.862 98.495 98.187 98.090 98.006 97.938
100-03 97.990 98.637 98.197 97.828 97.712 97.611 97.529
100-03+ 97.658 98.412 97.900 97.469 97.334 97.217 97.121
100-04 97.326 98.187 97.602 97.110 96.956 96.822 96.713
100-04+ 96.994 97.962 97.304 96.752 96.578 96.427 96.305
100-05 96.662 97.737 97.007 96.393 96.200 96.033 95.897
100-05+ 96.330 97.512 96.709 96.034 95.822 95.639 95.489
100-06 95.999 97.287 96.412 95.676 95.444 95.244 95.081
100-06+ 95.667 97.062 96.114 95.317 95.067 94.850 94.674
100-07 95.335 96.837 95.817 94.959 94.689 94.456 94.266
100-07+ 95.004 96.613 95.519 94.601 94.312 94.062 93.858
First Payment 3.042 4.958 3.208 3.042 3.125 3.125 3.208
Average Life 5.694 9.430 6.547 5.158 4.833 4.583 4.396
Last Payment 8.625 12.375 9.708 7.875 7.458 7.292 7.125
Mod.Dur. @ 100-00 4.492 6.625 5.009 4.157 3.946 3.780 3.655
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,637,000.00 DATED DATE: 09/01/97
COUPON: 6.470% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $37,637,000.00 BOND AH1 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.553 6.554 6.554 6.554 6.553 6.552 6.552
99-24+ 6.517 6.523 6.521 6.520 6.514 6.510 6.507
99-25 6.481 6.493 6.489 6.486 6.476 6.468 6.461
99-25+ 6.444 6.463 6.457 6.452 6.437 6.426 6.416
99-26 6.408 6.432 6.425 6.418 6.398 6.383 6.370
99-26+ 6.372 6.402 6.392 6.384 6.360 6.341 6.325
99-27 6.335 6.371 6.360 6.350 6.321 6.299 6.279
99-27+ 6.299 6.341 6.328 6.316 6.283 6.257 6.234
99-28 6.263 6.310 6.296 6.282 6.244 6.214 6.189
99-28+ 6.226 6.280 6.263 6.248 6.206 6.172 6.143
99-29 6.190 6.249 6.231 6.214 6.167 6.130 6.098
99-29+ 6.154 6.219 6.199 6.180 6.129 6.088 6.053
99-30 6.118 6.189 6.167 6.146 6.090 6.046 6.008
99-30+ 6.082 6.158 6.135 6.112 6.052 6.004 5.962
99-31 6.045 6.128 6.102 6.078 6.013 5.962 5.917
99-31+ 6.009 6.098 6.070 6.045 5.975 5.920 5.872
100-00 5.973 6.067 6.038 6.011 5.936 5.878 5.827
100-00+ 5.937 6.037 6.006 5.977 5.898 5.835 5.781
100-01 5.901 6.007 5.974 5.943 5.860 5.793 5.736
100-01+ 5.865 5.976 5.942 5.909 5.821 5.751 5.691
100-02 5.829 5.946 5.910 5.876 5.783 5.709 5.646
100-02+ 5.793 5.916 5.878 5.842 5.745 5.667 5.601
100-03 5.756 5.885 5.845 5.808 5.706 5.626 5.556
100-03+ 5.720 5.855 5.813 5.774 5.668 5.584 5.511
100-04 5.684 5.825 5.781 5.741 5.630 5.542 5.466
100-04+ 5.648 5.795 5.749 5.707 5.591 5.500 5.421
100-05 5.612 5.764 5.717 5.673 5.553 5.458 5.376
100-05+ 5.576 5.734 5.685 5.639 5.515 5.416 5.331
100-06 5.540 5.704 5.653 5.606 5.476 5.374 5.286
100-06+ 5.504 5.674 5.621 5.572 5.438 5.332 5.241
100-07 5.468 5.644 5.589 5.538 5.400 5.290 5.196
100-07+ 5.432 5.613 5.557 5.505 5.362 5.249 5.151
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 0.450 0.539 0.508 0.482 0.423 0.386 0.359
Last Payment 0.792 0.958 0.875 0.875 0.708 0.625 0.625
Mod.Dur. @ 100-00 0.430 0.512 0.484 0.460 0.405 0.370 0.344
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $46,765,000.00 DATED DATE: 09/01/97
COUPON: 6.380% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $46,765,000.00 BOND AH2 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.467 6.466 6.467 6.467 6.467 6.467 6.467
99-24+ 6.452 6.456 6.455 6.454 6.451 6.449 6.448
99-25 6.438 6.445 6.443 6.441 6.435 6.432 6.428
99-25+ 6.423 6.434 6.431 6.428 6.420 6.414 6.409
99-26 6.409 6.423 6.419 6.414 6.404 6.397 6.389
99-26+ 6.394 6.413 6.407 6.401 6.388 6.379 6.370
99-27 6.380 6.402 6.395 6.388 6.372 6.361 6.351
99-27+ 6.365 6.391 6.383 6.375 6.357 6.344 6.331
99-28 6.351 6.380 6.371 6.362 6.341 6.326 6.312
99-28+ 6.336 6.370 6.359 6.349 6.325 6.308 6.292
99-29 6.322 6.359 6.347 6.336 6.309 6.291 6.273
99-29+ 6.307 6.348 6.335 6.323 6.294 6.273 6.253
99-30 6.293 6.337 6.323 6.310 6.278 6.255 6.234
99-30+ 6.278 6.326 6.311 6.297 6.262 6.238 6.214
99-31 6.264 6.316 6.299 6.284 6.246 6.220 6.195
99-31+ 6.249 6.305 6.287 6.271 6.231 6.203 6.176
100-00 6.235 6.294 6.275 6.258 6.215 6.185 6.156
100-00+ 6.220 6.283 6.263 6.245 6.199 6.167 6.137
100-01 6.206 6.273 6.252 6.232 6.184 6.150 6.117
100-01+ 6.192 6.262 6.240 6.219 6.168 6.132 6.098
100-02 6.177 6.251 6.228 6.206 6.152 6.115 6.079
100-02+ 6.163 6.241 6.216 6.193 6.137 6.097 6.059
100-03 6.148 6.230 6.204 6.180 6.121 6.080 6.040
100-03+ 6.134 6.219 6.192 6.167 6.105 6.062 6.021
100-04 6.119 6.208 6.180 6.154 6.089 6.044 6.001
100-04+ 6.105 6.198 6.168 6.141 6.074 6.027 5.982
100-05 6.090 6.187 6.156 6.128 6.058 6.009 5.962
100-05+ 6.076 6.176 6.144 6.115 6.042 5.992 5.943
100-06 6.062 6.165 6.132 6.102 6.027 5.974 5.924
100-06+ 6.047 6.155 6.121 6.089 6.011 5.957 5.904
100-07 6.033 6.144 6.109 6.076 5.995 5.939 5.885
100-07+ 6.018 6.133 6.097 6.063 5.980 5.922 5.866
First Payment 0.792 0.958 0.875 0.875 0.708 0.625 0.625
Average Life 1.151 1.573 1.408 1.285 1.056 0.939 0.849
Last Payment 1.542 2.375 2.042 1.792 1.375 1.208 1.125
Mod.Dur. @ 100-00 1.075 1.447 1.303 1.195 0.989 0.883 0.801
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $36,005,000.00 DATED DATE: 09/01/97
COUPON: 6.380% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $36,005,000.00 BOND AH3 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.466 6.466 6.466 6.466 6.466 6.467 6.467
99-24+ 6.458 6.460 6.459 6.459 6.457 6.455 6.454
99-25 6.449 6.454 6.453 6.451 6.447 6.444 6.441
99-25+ 6.441 6.448 6.446 6.444 6.437 6.432 6.428
99-26 6.432 6.443 6.439 6.436 6.428 6.421 6.415
99-26+ 6.423 6.437 6.433 6.429 6.418 6.409 6.402
99-27 6.415 6.431 6.426 6.422 6.408 6.398 6.389
99-27+ 6.406 6.425 6.420 6.414 6.399 6.387 6.377
99-28 6.398 6.419 6.413 6.407 6.389 6.375 6.364
99-28+ 6.389 6.413 6.406 6.399 6.379 6.364 6.351
99-29 6.381 6.407 6.400 6.392 6.369 6.353 6.338
99-29+ 6.372 6.402 6.393 6.385 6.360 6.341 6.325
99-30 6.363 6.396 6.386 6.377 6.350 6.330 6.312
99-30+ 6.355 6.390 6.380 6.370 6.340 6.318 6.299
99-31 6.346 6.384 6.373 6.362 6.331 6.307 6.286
99-31+ 6.338 6.378 6.366 6.355 6.321 6.296 6.274
100-00 6.329 6.372 6.360 6.348 6.311 6.284 6.261
100-00+ 6.321 6.366 6.353 6.340 6.302 6.273 6.248
100-01 6.312 6.361 6.347 6.333 6.292 6.261 6.235
100-01+ 6.304 6.355 6.340 6.325 6.282 6.250 6.222
100-02 6.295 6.349 6.333 6.318 6.273 6.239 6.209
100-02+ 6.287 6.343 6.327 6.311 6.263 6.227 6.197
100-03 6.278 6.337 6.320 6.303 6.253 6.216 6.184
100-03+ 6.269 6.331 6.313 6.296 6.244 6.205 6.171
100-04 6.261 6.326 6.307 6.288 6.234 6.193 6.158
100-04+ 6.252 6.320 6.300 6.281 6.225 6.182 6.145
100-05 6.244 6.314 6.294 6.274 6.215 6.171 6.133
100-05+ 6.235 6.308 6.287 6.266 6.205 6.159 6.120
100-06 6.227 6.302 6.280 6.259 6.196 6.148 6.107
100-06+ 6.218 6.296 6.274 6.251 6.186 6.137 6.094
100-07 6.210 6.291 6.267 6.244 6.176 6.125 6.081
100-07+ 6.201 6.285 6.261 6.237 6.167 6.114 6.068
First Payment 1.542 2.375 2.042 1.792 1.375 1.208 1.125
Average Life 2.000 3.020 2.631 2.334 1.754 1.478 1.301
Last Payment 2.458 3.708 3.292 2.875 2.125 1.792 1.542
Mod.Dur. @ 100-00 1.819 2.659 2.345 2.100 1.608 1.367 1.210
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $37,865,000.00 DATED DATE: 09/01/97
COUPON: 6.420% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $37,865,000.00 BOND AH4 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.506 6.506 6.506 6.506 6.506 6.506 6.506
99-24+ 6.501 6.502 6.502 6.501 6.500 6.498 6.497
99-25 6.495 6.498 6.497 6.496 6.493 6.490 6.488
99-25+ 6.489 6.494 6.493 6.491 6.486 6.482 6.478
99-26 6.483 6.490 6.488 6.486 6.480 6.474 6.469
99-26+ 6.477 6.486 6.484 6.481 6.473 6.466 6.460
99-27 6.471 6.482 6.479 6.476 6.466 6.458 6.450
99-27+ 6.465 6.478 6.474 6.471 6.460 6.450 6.441
99-28 6.459 6.474 6.470 6.466 6.453 6.442 6.432
99-28+ 6.453 6.470 6.465 6.461 6.446 6.434 6.422
99-29 6.448 6.466 6.461 6.455 6.440 6.426 6.413
99-29+ 6.442 6.462 6.456 6.450 6.433 6.418 6.404
99-30 6.436 6.458 6.452 6.445 6.426 6.410 6.394
99-30+ 6.430 6.454 6.447 6.440 6.420 6.402 6.385
99-31 6.424 6.450 6.442 6.435 6.413 6.394 6.376
99-31+ 6.418 6.446 6.438 6.430 6.406 6.386 6.366
100-00 6.412 6.442 6.433 6.425 6.399 6.378 6.357
100-00+ 6.406 6.437 6.429 6.420 6.393 6.370 6.348
100-01 6.400 6.433 6.424 6.415 6.386 6.362 6.339
100-01+ 6.395 6.429 6.420 6.410 6.379 6.354 6.329
100-02 6.389 6.425 6.415 6.405 6.373 6.346 6.320
100-02+ 6.383 6.421 6.410 6.399 6.366 6.338 6.311
100-03 6.377 6.417 6.406 6.394 6.359 6.330 6.301
100-03+ 6.371 6.413 6.401 6.389 6.353 6.322 6.292
100-04 6.365 6.409 6.397 6.384 6.346 6.314 6.283
100-04+ 6.359 6.405 6.392 6.379 6.339 6.306 6.273
100-05 6.353 6.401 6.388 6.374 6.333 6.298 6.264
100-05+ 6.348 6.397 6.383 6.369 6.326 6.290 6.255
100-06 6.342 6.393 6.379 6.364 6.319 6.282 6.246
100-06+ 6.336 6.389 6.374 6.359 6.313 6.274 6.236
100-07 6.330 6.385 6.369 6.354 6.306 6.266 6.227
100-07+ 6.324 6.381 6.365 6.349 6.299 6.258 6.218
First Payment 2.458 3.708 3.292 2.875 2.125 1.792 1.542
Average Life 3.000 4.571 3.984 3.524 2.611 2.147 1.825
Last Payment 3.625 5.458 4.792 4.208 3.125 2.542 2.125
Mod.Dur. @ 100-00 2.642 3.835 3.403 3.054 2.328 1.943 1.669
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $53,809,000.00 DATED DATE: 09/01/97
COUPON: 6.620% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $53,809,000.00 BOND AH5 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.710 6.711 6.710 6.710 6.710 6.709 6.709
99-24+ 6.706 6.708 6.707 6.707 6.706 6.704 6.703
99-25 6.702 6.705 6.704 6.704 6.701 6.699 6.696
99-25+ 6.699 6.702 6.701 6.700 6.697 6.694 6.690
99-26 6.695 6.700 6.698 6.697 6.693 6.689 6.684
99-26+ 6.691 6.697 6.695 6.694 6.688 6.683 6.678
99-27 6.687 6.694 6.692 6.690 6.684 6.678 6.671
99-27+ 6.683 6.691 6.689 6.687 6.680 6.673 6.665
99-28 6.680 6.689 6.686 6.684 6.676 6.668 6.659
99-28+ 6.676 6.686 6.683 6.680 6.671 6.663 6.653
99-29 6.672 6.683 6.680 6.677 6.667 6.657 6.647
99-29+ 6.668 6.680 6.677 6.674 6.663 6.652 6.640
99-30 6.665 6.678 6.674 6.670 6.659 6.647 6.634
99-30+ 6.661 6.675 6.671 6.667 6.654 6.642 6.628
99-31 6.657 6.672 6.668 6.664 6.650 6.637 6.622
99-31+ 6.653 6.669 6.665 6.660 6.646 6.632 6.615
100-00 6.649 6.667 6.662 6.657 6.641 6.626 6.609
100-00+ 6.646 6.664 6.659 6.654 6.637 6.621 6.603
100-01 6.642 6.661 6.656 6.650 6.633 6.616 6.597
100-01+ 6.638 6.658 6.653 6.647 6.629 6.611 6.590
100-02 6.634 6.656 6.650 6.644 6.624 6.606 6.584
100-02+ 6.630 6.653 6.647 6.641 6.620 6.600 6.578
100-03 6.627 6.650 6.644 6.637 6.616 6.595 6.572
100-03+ 6.623 6.648 6.641 6.634 6.612 6.590 6.566
100-04 6.619 6.645 6.638 6.631 6.607 6.585 6.559
100-04+ 6.615 6.642 6.635 6.627 6.603 6.580 6.553
100-05 6.612 6.639 6.632 6.624 6.599 6.575 6.547
100-05+ 6.608 6.637 6.629 6.621 6.595 6.569 6.541
100-06 6.604 6.634 6.626 6.617 6.590 6.564 6.535
100-06+ 6.600 6.631 6.623 6.614 6.586 6.559 6.528
100-07 6.596 6.628 6.620 6.611 6.582 6.554 6.522
100-07+ 6.593 6.626 6.617 6.607 6.578 6.549 6.516
First Payment 3.625 5.458 4.792 4.208 3.125 2.542 2.125
Average Life 5.000 7.461 6.574 5.860 4.345 3.480 2.837
Last Payment 6.792 9.958 8.708 7.875 5.875 4.708 3.875
Mod.Dur. @ 100-00 4.104 5.673 5.137 4.681 3.642 3.000 2.498
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $11,329,000.00 DATED DATE: 09/01/97
COUPON: 6.790% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $11,329,000.00 BOND AH6 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 6.884 6.885 6.885 6.884 6.884 6.883 6.883
99-24+ 6.881 6.883 6.882 6.882 6.881 6.880 6.878
99-25 6.879 6.881 6.880 6.879 6.878 6.876 6.874
99-25+ 6.876 6.878 6.878 6.877 6.874 6.872 6.869
99-26 6.873 6.876 6.875 6.874 6.871 6.868 6.865
99-26+ 6.870 6.874 6.873 6.872 6.868 6.865 6.861
99-27 6.867 6.872 6.871 6.869 6.865 6.861 6.856
99-27+ 6.865 6.870 6.868 6.867 6.862 6.857 6.852
99-28 6.862 6.868 6.866 6.864 6.859 6.853 6.847
99-28+ 6.859 6.866 6.864 6.862 6.856 6.850 6.843
99-29 6.856 6.864 6.861 6.859 6.853 6.846 6.839
99-29+ 6.853 6.861 6.859 6.857 6.849 6.842 6.834
99-30 6.850 6.859 6.857 6.854 6.846 6.839 6.830
99-30+ 6.848 6.857 6.855 6.852 6.843 6.835 6.825
99-31 6.845 6.855 6.852 6.849 6.840 6.831 6.821
99-31+ 6.842 6.853 6.850 6.847 6.837 6.827 6.816
100-00 6.839 6.851 6.848 6.844 6.834 6.824 6.812
100-00+ 6.836 6.849 6.845 6.842 6.831 6.820 6.808
100-01 6.834 6.847 6.843 6.839 6.828 6.816 6.803
100-01+ 6.831 6.844 6.841 6.837 6.825 6.813 6.799
100-02 6.828 6.842 6.838 6.834 6.821 6.809 6.794
100-02+ 6.825 6.840 6.836 6.832 6.818 6.805 6.790
100-03 6.822 6.838 6.834 6.829 6.815 6.801 6.786
100-03+ 6.820 6.836 6.831 6.827 6.812 6.798 6.781
100-04 6.817 6.834 6.829 6.824 6.809 6.794 6.777
100-04+ 6.814 6.832 6.827 6.822 6.806 6.790 6.772
100-05 6.811 6.830 6.825 6.819 6.803 6.787 6.768
100-05+ 6.808 6.828 6.822 6.817 6.800 6.783 6.764
100-06 6.806 6.825 6.820 6.814 6.796 6.779 6.759
100-06+ 6.803 6.823 6.818 6.812 6.793 6.775 6.755
100-07 6.800 6.821 6.815 6.809 6.790 6.772 6.750
100-07+ 6.797 6.819 6.813 6.807 6.787 6.768 6.746
First Payment 6.792 9.958 8.708 7.875 5.875 4.708 3.875
Average Life 7.254 10.627 9.409 8.413 6.331 5.108 4.186
Last Payment 7.792 11.375 10.125 9.042 6.792 5.542 4.542
Mod.Dur. @ 100-00 5.543 7.328 6.729 6.203 4.979 4.176 3.525
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $24,910,000.00 DATED DATE: 09/01/97
COUPON: 6.920% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $24,910,000.00 BOND MH1 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 7.018 7.018 7.018 7.018 7.017 7.017 7.016
99-24+ 7.015 7.016 7.016 7.016 7.015 7.014 7.013
99-25 7.013 7.014 7.014 7.014 7.012 7.011 7.009
99-25+ 7.011 7.013 7.012 7.012 7.010 7.008 7.006
99-26 7.008 7.011 7.010 7.009 7.007 7.005 7.002
99-26+ 7.006 7.009 7.008 7.007 7.005 7.002 6.999
99-27 7.004 7.007 7.006 7.005 7.002 6.999 6.995
99-27+ 7.001 7.005 7.004 7.003 6.999 6.996 6.992
99-28 6.999 7.003 7.002 7.001 6.997 6.993 6.988
99-28+ 6.997 7.001 7.000 6.999 6.994 6.990 6.985
99-29 6.994 7.000 6.998 6.997 6.992 6.987 6.981
99-29+ 6.992 6.998 6.996 6.995 6.989 6.984 6.978
99-30 6.990 6.996 6.994 6.993 6.987 6.981 6.974
99-30+ 6.987 6.994 6.992 6.991 6.984 6.978 6.971
99-31 6.985 6.992 6.990 6.988 6.981 6.975 6.967
99-31+ 6.983 6.990 6.988 6.986 6.979 6.972 6.964
100-00 6.980 6.989 6.986 6.984 6.976 6.969 6.960
100-00+ 6.978 6.987 6.985 6.982 6.974 6.966 6.957
100-01 6.976 6.985 6.983 6.980 6.971 6.963 6.953
100-01+ 6.973 6.983 6.981 6.978 6.969 6.960 6.950
100-02 6.971 6.981 6.979 6.976 6.966 6.957 6.946
100-02+ 6.969 6.979 6.977 6.974 6.964 6.954 6.943
100-03 6.966 6.977 6.975 6.972 6.961 6.951 6.939
100-03+ 6.964 6.976 6.973 6.970 6.958 6.948 6.936
100-04 6.962 6.974 6.971 6.967 6.956 6.945 6.932
100-04+ 6.959 6.972 6.969 6.965 6.953 6.942 6.929
100-05 6.957 6.970 6.967 6.963 6.951 6.939 6.925
100-05+ 6.955 6.968 6.965 6.961 6.948 6.936 6.922
100-06 6.953 6.966 6.963 6.959 6.946 6.933 6.918
100-06+ 6.950 6.964 6.961 6.957 6.943 6.930 6.915
100-07 6.948 6.963 6.959 6.955 6.941 6.927 6.911
100-07+ 6.946 6.961 6.957 6.953 6.938 6.924 6.908
First Payment 7.792 11.375 10.125 9.042 6.792 5.542 4.542
Average Life 9.443 13.260 12.042 10.915 8.270 6.731 5.558
Last Payment 11.708 15.542 14.375 13.292 10.292 8.375 6.958
Mod.Dur. @ 100-00 6.688 8.383 7.887 7.392 6.075 5.191 4.452
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $14,975,000.00 DATED DATE: 09/01/97
COUPON: 7.400% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $14,975,000.00 BOND MH2 BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 7.511 7.511 7.511 7.511 7.510 7.510 7.509
99-24+ 7.509 7.509 7.509 7.509 7.508 7.507 7.507
99-25 7.507 7.508 7.508 7.507 7.506 7.505 7.504
99-25+ 7.505 7.506 7.506 7.506 7.504 7.503 7.502
99-26 7.503 7.504 7.504 7.504 7.502 7.501 7.499
99-26+ 7.501 7.503 7.502 7.502 7.500 7.499 7.497
99-27 7.500 7.501 7.501 7.500 7.499 7.497 7.494
99-27+ 7.498 7.500 7.499 7.499 7.497 7.494 7.492
99-28 7.496 7.498 7.497 7.497 7.495 7.492 7.489
99-28+ 7.494 7.496 7.496 7.495 7.493 7.490 7.487
99-29 7.492 7.495 7.494 7.493 7.491 7.488 7.484
99-29+ 7.490 7.493 7.492 7.492 7.489 7.486 7.482
99-30 7.488 7.491 7.491 7.490 7.487 7.483 7.479
99-30+ 7.487 7.490 7.489 7.488 7.485 7.481 7.477
99-31 7.485 7.488 7.487 7.486 7.483 7.479 7.474
99-31+ 7.483 7.487 7.486 7.485 7.481 7.477 7.472
100-00 7.481 7.485 7.484 7.483 7.479 7.475 7.470
100-00+ 7.479 7.483 7.482 7.481 7.477 7.472 7.467
100-01 7.478 7.482 7.481 7.479 7.475 7.470 7.465
100-01+ 7.476 7.480 7.479 7.478 7.473 7.468 7.462
100-02 7.474 7.478 7.477 7.476 7.471 7.466 7.460
100-02+ 7.472 7.477 7.476 7.474 7.469 7.464 7.457
100-03 7.470 7.475 7.474 7.473 7.467 7.462 7.455
100-03+ 7.468 7.473 7.472 7.471 7.465 7.459 7.452
100-04 7.467 7.472 7.471 7.469 7.463 7.457 7.450
100-04+ 7.465 7.470 7.469 7.467 7.461 7.455 7.447
100-05 7.463 7.469 7.467 7.466 7.460 7.453 7.445
100-05+ 7.461 7.467 7.466 7.464 7.458 7.451 7.442
100-06 7.459 7.465 7.464 7.462 7.456 7.448 7.440
100-06+ 7.457 7.464 7.462 7.460 7.454 7.446 7.438
100-07 7.456 7.462 7.460 7.459 7.452 7.444 7.435
100-07+ 7.454 7.460 7.459 7.457 7.450 7.442 7.433
First Payment 11.708 15.542 14.375 13.292 10.292 8.375 6.958
Average Life 14.285 17.730 16.731 15.750 12.876 10.746 9.016
Last Payment 18.375 22.292 21.042 19.708 17.458 15.292 13.292
Mod.Dur. @ 100-00 8.479 9.522 9.248 8.956 7.973 7.108 6.306
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $11,705,000.00 DATED DATE: 09/01/97
COUPON: 7.370% mon7c FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 10
ORIGINAL BALANCE: $11,705,000.00 BOND BH BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
HIL GRP (HEP) 17.00 10.00 12.00 14.00 20.00 25.00 30.00
ARM GRP (CPR) 26.00 26.00 26.00 26.00 26.00 26.00 26.00
FIX GRP (HEP) 24.00 24.00 24.00 24.00 24.00 24.00 24.00
MULTI GRP (CPR) VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR VECTOR
99-24 7.477 7.479 7.478 7.478 7.477 7.476 7.476
99-24+ 7.474 7.476 7.476 7.475 7.473 7.473 7.472
99-25 7.472 7.474 7.474 7.473 7.470 7.469 7.468
99-25+ 7.469 7.472 7.471 7.470 7.467 7.466 7.465
99-26 7.466 7.470 7.469 7.468 7.464 7.462 7.461
99-26+ 7.463 7.467 7.466 7.465 7.461 7.459 7.458
99-27 7.460 7.465 7.464 7.462 7.458 7.455 7.454
99-27+ 7.457 7.463 7.461 7.460 7.455 7.452 7.450
99-28 7.454 7.461 7.459 7.457 7.451 7.449 7.447
99-28+ 7.452 7.458 7.457 7.455 7.448 7.445 7.443
99-29 7.449 7.456 7.454 7.452 7.445 7.442 7.440
99-29+ 7.446 7.454 7.452 7.449 7.442 7.438 7.436
99-30 7.443 7.452 7.449 7.447 7.439 7.435 7.433
99-30+ 7.440 7.449 7.447 7.444 7.436 7.432 7.429
99-31 7.437 7.447 7.445 7.442 7.433 7.428 7.425
99-31+ 7.435 7.445 7.442 7.439 7.429 7.425 7.422
100-00 7.432 7.443 7.440 7.436 7.426 7.421 7.418
100-00+ 7.429 7.440 7.437 7.434 7.423 7.418 7.415
100-01 7.426 7.438 7.435 7.431 7.420 7.414 7.411
100-01+ 7.423 7.436 7.433 7.429 7.417 7.411 7.407
100-02 7.420 7.434 7.430 7.426 7.414 7.408 7.404
100-02+ 7.417 7.431 7.428 7.424 7.411 7.404 7.400
100-03 7.415 7.429 7.425 7.421 7.407 7.401 7.397
100-03+ 7.412 7.427 7.423 7.418 7.404 7.397 7.393
100-04 7.409 7.425 7.421 7.416 7.401 7.394 7.390
100-04+ 7.406 7.422 7.418 7.413 7.398 7.391 7.386
100-05 7.403 7.420 7.416 7.411 7.395 7.387 7.382
100-05+ 7.400 7.418 7.413 7.408 7.392 7.384 7.379
100-06 7.398 7.416 7.411 7.406 7.389 7.380 7.375
100-06+ 7.395 7.414 7.409 7.403 7.386 7.377 7.372
100-07 7.392 7.411 7.406 7.400 7.382 7.374 7.368
100-07+ 7.389 7.409 7.404 7.398 7.379 7.370 7.365
First Payment 3.708 5.542 4.875 4.292 3.208 3.125 3.208
Average Life 7.703 10.687 9.693 8.781 6.763 6.028 5.621
Last Payment 18.375 22.292 21.042 19.708 17.458 15.292 13.292
Mod.Dur. @ 100-00 5.457 6.909 6.451 6.007 4.946 4.554 4.339
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $25,000,000.00 DATED DATE: 09/01/97
COUPON: 6.940% MON7C FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 3
ORIGINAL BALANCE: $25,000,000.00 BOND AMF BE-YIELD TABLE YIELD TABLE DATE: 09/30/97
PREPAYMENT SPEED
MULTS VECTOR CPR 4 CPR 6 CPR 8 CPR 12 CPR 14 CPR 16 CPR
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP 24 HEP
ARMS 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR 26 CPR
HIL 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP 17 HEP
PRICE
99-24 7.037 7.038 7.037 7.037 7.036 7.035 7.034
99-24+ 7.034 7.035 7.034 7.033 7.031 7.030 7.029
99-25 7.031 7.032 7.031 7.029 7.027 7.026 7.024
99-25+ 7.028 7.029 7.028 7.026 7.023 7.021 7.019
99-26 7.025 7.027 7.024 7.022 7.018 7.016 7.014
99-26+ 7.022 7.024 7.021 7.019 7.014 7.012 7.009
99-27 7.019 7.021 7.018 7.015 7.010 7.007 7.004
99-27+ 7.016 7.018 7.015 7.012 7.005 7.002 6.999
99-28 7.013 7.016 7.012 7.008 7.001 6.997 6.994
99-28+ 7.009 7.013 7.009 7.005 6.997 6.993 6.989
99-29 7.006 7.010 7.006 7.001 6.993 6.988 6.984
99-29+ 7.003 7.007 7.002 6.998 6.988 6.983 6.978
99-30 7.000 7.005 6.999 6.994 6.984 6.979 6.973
99-30+ 6.997 7.002 6.996 6.991 6.980 6.974 6.968
99-31 6.994 6.999 6.993 6.987 6.975 6.969 6.963
99-31+ 6.991 6.996 6.990 6.983 6.971 6.965 6.958
100-00 6.988 6.994 6.987 6.980 6.967 6.960 6.953
100-00+ 6.985 6.991 6.984 6.976 6.963 6.955 6.948
100-01 6.982 6.988 6.980 6.973 6.958 6.951 6.943
100-01+ 6.979 6.985 6.977 6.969 6.954 6.946 6.938
100-02 6.976 6.983 6.974 6.966 6.950 6.941 6.933
100-02+ 6.973 6.980 6.971 6.962 6.945 6.937 6.928
100-03 6.970 6.977 6.968 6.959 6.941 6.932 6.923
100-03+ 6.967 6.975 6.965 6.955 6.937 6.927 6.917
100-04 6.964 6.972 6.962 6.952 6.933 6.923 6.912
100-04+ 6.960 6.969 6.958 6.948 6.928 6.918 6.907
100-05 6.957 6.966 6.955 6.945 6.924 6.913 6.902
100-05+ 6.954 6.964 6.952 6.941 6.920 6.909 6.897
100-06 6.951 6.961 6.949 6.938 6.915 6.904 6.892
100-06+ 6.948 6.958 6.946 6.934 6.911 6.899 6.887
100-07 6.945 6.955 6.943 6.931 6.907 6.895 6.882
100-07+ 6.942 6.953 6.940 6.927 6.903 6.890 6.877
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 7.486 9.342 7.716 6.569 5.033 4.479 4.023
Last Payment 28.375 29.125 28.792 28.542 27.458 26.375 24.958
Mod.Dur. @ 100-00 5.074 5.682 4.951 4.408 3.626 3.322 3.059
Accrued Interest 0.559 0.559 0.559 0.559 0.559 0.559 0.559
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
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THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 1997 C - Cut Off Date of Tape is 08/31/97 - FIXED RATE
COLLATERAL
- $244,556,140.28
- Home Equity Loans Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 6,302
Lien Status: 1st Lien Loans 67.74%
2nd Lien Loans 32.26%
Aggregate Unpaid Principal Balance: $244,556,140.28
Aggregate Original Principal Balance: $244,903,795.46
Weighted Average Gross Coupon: 11.612%
Gross Coupon Range: 5.000% - 16.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $38,806.12
Average Original Principal Balance: $38,861.28
Maximum Unpaid Principal Balance: $341,480.00
Minimum Unpaid Principal Balance: $2,404.08
Maximum Original Principal Balance: $341,480.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 253.991
Stated Rem Term Range: 35.000 - 480.000
Weighted Avg. Amortized Rem. Term: 253.443
Amortized Rem Term Range: 24.000 - 480.000
Weighted Average Age (First Pay thru Last Pay): 0.420
Age Range: 0.000 - 97.000
Weighted Average Original Term: 254.411
Original Term Range: 36.000 - 480.000
Weighted Average Original LTV: 74.714
Original LTV Range: 3.940% - 100.000%
- --------------------------------------------------------------------------------
MAX ZIP CODE CONCENTRATION .179% ZIP CODE 29073 STATE SC
EARLIEST FIRST PAYMENT DATE 08/01/89
LATEST MATURITY DATE 09/01/37
WEIGHTED AVERAGE FICO SCORE: 617.340 *excluding 193 loans
FICO SCORE RANGE: 429 - 813
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
0.00% * Gross Coupon = 5.00% 1 10,593.01 0.00
5.50% * Gross Coupon = 6.00% 1 23,414.08 0.01
6.50% * Gross Coupon = 7.00% 2 96,965.76 0.04
7.75% * Gross Coupon = 8.00% 2 182,504.65 0.07
8.25% * Gross Coupon = 8.50% 1 50,000.00 0.02
8.50% * Gross Coupon = 8.75% 6 397,673.67 0.16
8.75% * Gross Coupon = 9.00% 15 1,357,000.00 0.55
9.00% * Gross Coupon = 9.25% 9 1,005,485.65 0.41
9.25% * Gross Coupon = 9.50% 57 4,865,475.58 1.99
9.50% * Gross Coupon = 9.75% 64 5,632,757.25 2.30
9.75% * Gross Coupon = 10.00% 193 16,538,767.87 6.76
10.00% * Gross Coupon = 10.25% 169 12,035,548.74 4.92
10.25% * Gross Coupon = 10.50% 274 17,139,816.79 7.01
10.50% * Gross Coupon = 10.75% 188 11,256,667.16 4.60
10.75% * Gross Coupon = 11.00% 468 23,536,807.55 9.62
11.00% * Gross Coupon = 11.25% 331 13,626,408.67 5.57
11.25% * Gross Coupon = 11.50% 461 17,296,932.04 7.07
11.50% * Gross Coupon = 11.75% 409 15,061,342.59 6.16
11.75% * Gross Coupon = 12.00% 672 21,421,300.94 8.76
12.00% * Gross Coupon = 12.25% 366 10,778,936.25 4.41
12.25% * Gross Coupon = 12.50% 653 19,689,780.89 8.05
12.50% * Gross Coupon = 12.75% 350 9,231,076.06 3.77
12.75% * Gross Coupon = 13.00% 502 13,844,577.37 5.66
13.00% * Gross Coupon = 13.25% 188 4,778,248.74 1.95
13.25% * Gross Coupon = 13.50% 281 7,969,681.81 3.26
13.50% * Gross Coupon = 13.75% 184 4,864,792.80 1.99
13.75% * Gross Coupon = 14.00% 197 5,126,630.22 2.10
14.00% * Gross Coupon = 14.25% 54 1,463,421.39 0.60
14.25% * Gross Coupon = 14.50% 63 1,613,819.28 0.66
14.50% * Gross Coupon = 14.75% 55 1,525,947.21 0.62
14.75% * Gross Coupon = 15.00% 42 1,108,384.26 0.45
15.00% * Gross Coupon = 15.25% 11 288,973.81 0.12
15.25% * Gross Coupon = 15.50% 5 110,610.83 0.05
15.50% * Gross Coupon = 15.75% 21 473,357.36 0.19
15.75% * Gross Coupon = 16.00% 6 126,400.00 0.05
16.25% * Gross Coupon = 16.50% 1 26,040.00 0.01
- -------------------------------------------------------------------------------
Total.......... 6302 $244,556,140.28 100.00%
===============================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
24 * Orig. Term = 36 2 35,000.00 0.01%
36 * Orig. Term = 48 5 59,627.39 0.02%
48 * Orig. Term = 60 250 3,349,792.80 1.37%
60 * Orig. Term = 72 23 350,724.53 0.14%
72 * Orig. Term = 84 89 1,429,770.00 0.58%
84 * Orig. Term = 96 18 361,571.89 0.15%
96 * Orig. Term = 108 6 89,748.94 0.04%
108 * Orig. Term = 120 1,026 21,201,678.38 8.67%
120 * Orig. Term = 132 4 63,800.00 0.03%
132 * Orig. Term = 144 19 723,775.64 0.30%
144 * Orig. Term = 156 1 29,200.00 0.01%
168 * Orig. Term = 180 2,602 84,569,368.88 34.58%
204 * Orig. Term = 216 2 142,241.03 0.06%
228 * Orig. Term = 240 593 25,509,670.80 10.43%
240 * Orig. Term = 252 1 39,600.00 0.02%
288 * Orig. Term = 300 372 16,450,162.53 6.73%
348 * Orig. Term = 360 1,256 86,927,511.01 35.55%
Orig. Term 360 33 3,222,896.46 1.32%
- -------------------------------------------------------------------
Total............ 6,302 244,556,140.28 100.00%
===================================================================
</TABLE>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
24 * Rem Term = 36 2 35,000.00 0.01%
36 * Rem Term = 48 5 59,627.39 0.02%
48 * Rem Term = 60 250 3,349,792.80 1.37%
60 * Rem Term = 72 23 350,724.53 0.14%
72 * Rem Term = 84 90 1,443,358.16 0.59%
84 * Rem Term = 96 19 372,164.90 0.15%
96 * Rem Term = 108 5 79,155.93 0.03%
108 * Rem Term = 120 1,026 21,201,678.38 8.67%
120 * Rem Term = 132 4 63,800.00 0.03%
132 * Rem Term = 144 19 723,775.64 0.30%
144 * Rem Term = 156 1 29,200.00 0.01%
168 * Rem Term = 180 2,601 84,555,780.72 34.58%
204 * Rem Term = 216 2 142,241.03 0.06%
228 * Rem Term = 240 593 25,509,670.80 10.43%
240 * Rem Term = 252 1 39,600.00 0.02%
288 * Rem Term = 300 372 16,450,162.53 6.73%
336 * Rem Term = 348 1 46,343.61 0.02%
348 * Rem Term = 360 1,255 86,881,167.40 35.53%
Rem Term 360 33 3,222,896.46 1.32%
- -------------------------------------------------------------------
Total............ 6,302 244,556,140.28 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 4,661 184,022,003.47 75.25%
0 * Age = 12 1,638 60,463,612.03 24.72%
12 * Age = 24 2 56,936.62 0.02%
96 * Age = 108 1 13,588.16 0.01%
- -------------------------------------------------------------------
Total............ 6,302 244,556,140.28 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
0.000 * LTV = 5.000 2 22,300.00 0.01
5.000 * LTV = 10.000 10 137,315.98 0.06
10.000 * LTV = 15.000 42 638,442.47 0.26
15.000 * LTV = 20.000 47 956,763.76 0.39
20.000 * LTV = 25.000 65 1,519,401.12 0.62
25.000 * LTV = 30.000 104 2,391,380.75 0.98
30.000 * LTV = 35.000 97 2,316,987.08 0.95
35.000 * LTV = 40.000 109 3,382,726.47 1.38
40.000 * LTV = 45.000 145 4,294,807.52 1.76
45.000 * LTV = 50.000 158 5,355,756.79 2.19
50.000 * LTV = 55.000 171 6,338,069.75 2.59
55.000 * LTV = 60.000 238 8,576,102.89 3.51
60.000 * LTV = 65.000 333 12,504,998.13 5.11
65.000 * LTV = 70.000 513 19,612,870.12 8.02
70.000 * LTV = 75.000 562 22,913,062.07 9.37
75.000 * LTV = 80.000 1351 55,286,733.75 22.61
80.000 * LTV = 85.000 1061 45,066,071.54 18.43
85.000 * LTV = 90.000 1034 45,200,940.41 18.48
90.000 * LTV = 95.000 165 5,450,272.12 2.23
95.000 * LTV =100.000 95 2,591,137.56 1.06
- --------------------------------------------------------------------------
Total.................... 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 * Balance = 5,000 6 29,745.02 0.01
5,000 * Balance = 10,000 285 2,339,816.88 0.96
10,000 * Balance = 15,000 696 8,890,125.50 3.64
15,000 * Balance = 20,000 763 13,519,837.62 5.53
20,000 * Balance = 25,000 795 18,168,772.69 7.43
25,000 * Balance = 30,000 683 18,872,394.12 7.72
30,000 * Balance = 35,000 493 16,071,017.09 6.57
35,000 * Balance = 40,000 419 15,784,170.36 6.45
40,000 * Balance = 45,000 367 15,700,549.02 6.42
45,000 * Balance = 50,000 289 13,772,786.62 5.63
50,000 * Balance = 55,000 258 13,621,443.52 5.57
55,000 * Balance = 60,000 237 13,683,749.19 5.60
60,000 * Balance = 65,000 185 11,633,448.70 4.76
65,000 * Balance = 70,000 151 10,212,067.17 4.18
70,000 * Balance = 75,000 97 7,045,319.08 2.88
75,000 * Balance = 80,000 89 6,898,624.94 2.82
80,000 * Balance = 85,000 58 4,803,389.14 1.96
85,000 * Balance = 90,000 56 4,922,476.02 2.01
90,000 * Balance = 95,000 41 3,798,483.79 1.55
95,000 * Balance = 100,000 48 4,708,003.11 1.93
100,000 * Balance = 105,000 40 4,128,753.97 1.69
105,000 * Balance = 110,000 27 2,910,600.79 1.19
110,000 * Balance = 115,000 24 2,697,579.79 1.10
115,000 * Balance = 120,000 30 3,532,980.18 1.44
120,000 * Balance = 125,000 26 3,177,786.94 1.30
125,000 * Balance = 130,000 21 2,677,182.86 1.09
130,000 * Balance = 135,000 11 1,449,950.00 0.59
135,000 * Balance = 140,000 9 1,247,351.04 0.51
140,000 * Balance = 145,000 15 2,139,146.62 0.87
145,000 * Balance = 150,000 12 1,771,019.97 0.72
150,000 * Balance = 200,000 41 6,899,009.68 2.82
200,000 * Balance = 250,000 18 3,899,878.86 1.59
250,000 * Balance = 300,000 8 2,243,200.00 0.92
300,000 * Balance = 350,000 4 1,305,480.00 0.53
- --------------------------------------------------------------------------
Total.................... 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 * Balance = 5,000 8 36,009.10 0.01
5,000 * Balance = 10,000 286 2,349,725.52 0.96
10,000 * Balance = 15,000 696 8,900,538.03 3.64
15,000 * Balance = 20,000 764 13,548,911.16 5.54
20,000 * Balance = 25,000 796 18,213,538.72 7.45
25,000 * Balance = 30,000 682 18,863,831.00 7.71
30,000 * Balance = 35,000 492 16,049,967.24 6.56
35,000 * Balance = 40,000 419 15,793,442.81 6.46
40,000 * Balance = 45,000 365 15,622,868.80 6.39
45,000 * Balance = 50,000 291 13,917,885.17 5.69
50,000 * Balance = 55,000 259 13,683,299.37 5.60
55,000 * Balance = 60,000 234 13,530,029.79 5.53
60,000 * Balance = 65,000 184 11,577,809.62 4.73
65,000 * Balance = 70,000 151 10,212,067.17 4.18
70,000 * Balance = 75,000 97 7,045,319.08 2.88
75,000 * Balance = 80,000 89 6,898,624.94 2.82
80,000 * Balance = 85,000 59 4,886,766.74 2.00
85,000 * Balance = 90,000 55 4,839,098.42 1.98
90,000 * Balance = 95,000 41 3,798,483.79 1.55
95,000 * Balance = 100,000 48 4,708,003.11 1.93
100,000 * Balance = 105,000 41 4,233,447.88 1.73
105,000 * Balance = 110,000 27 2,915,751.84 1.19
110,000 * Balance = 115,000 23 2,587,734.83 1.06
115,000 * Balance = 120,000 31 3,652,756.66 1.49
120,000 * Balance = 125,000 26 3,177,786.94 1.30
125,000 * Balance = 130,000 20 2,557,406.38 1.05
130,000 * Balance = 135,000 11 1,449,950.00 0.59
135,000 * Balance = 140,000 9 1,247,351.04 0.51
140,000 * Balance = 145,000 15 2,139,146.62 0.87
145,000 * Balance = 150,000 12 1,771,019.97 0.72
150,000 * Balance = 200,000 41 6,899,009.68 2.82
200,000 * Balance = 250,000 18 3,899,878.86 1.59
250,000 * Balance = 300,000 8 2,243,200.00 0.92
300,000 * Balance = 350,000 4 1,305,480.00 0.53
- --------------------------------------------------------------------------
Total.................... 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AK 4 145,100.00 0.06
AR 24 750,292.91 0.31
AZ 158 6,993,270.74 2.86
CA 290 17,299,410.79 7.07
CO 177 7,456,168.06 3.05
CT 46 2,301,823.68 0.94
DC 7 218,700.00 0.09
DE 27 1,651,143.00 0.68
FL 233 8,640,107.19 3.53
GA 203 7,418,299.14 3.03
IA 44 1,435,011.79 0.59
ID 73 2,234,323.11 0.91
IL 304 11,900,294.17 4.87
IN 246 8,359,834.77 3.42
KS 143 4,051,545.86 1.66
KY 66 2,530,884.77 1.03
LA 68 2,272,052.52 0.93
MA 92 4,028,355.13 1.65
MD 103 3,894,467.27 1.59
ME 74 2,413,346.53 0.99
MI 335 11,716,373.11 4.79
MN 87 2,562,403.49 1.05
MO 244 8,720,838.43 3.57
MS 89 3,059,713.16 1.25
MT 13 504,729.87 0.21
NC 210 9,751,276.11 3.99
ND 6 196,993.86 0.08
NE 65 2,315,723.91 0.95
NH 33 1,098,606.50 0.45
NJ 254 11,390,100.28 4.66
NM 115 4,664,385.30 1.91
NV 84 3,305,947.04 1.35
NY 359 15,930,414.71 6.51
OH 308 11,647,394.01 4.76
OK 103 2,772,546.05 1.13
OR 104 3,656,272.20 1.50
PA 381 13,550,654.38 5.54
RI 16 569,152.05 0.23
SC 245 9,705,323.51 3.97
SD 8 264,227.28 0.11
TN 137 4,381,686.48 1.79
TX 52 2,096,915.80 0.86
UT 73 2,506,599.29 1.02
VA 84 3,492,263.48 1.43
VT 16 511,235.92 0.21
WA 330 12,666,689.24 5.18
WI 119 3,722,445.68 1.52
WV 33 1,176,685.09 0.48
WY 17 624,112.62 0.26
- --------------------------------------------------------------------------
Total............... 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Manufactured Housing 850 33,891,676.28 13.86
Townhouses 48 1,721,213.27 0.70
Condominiums 46 1,128,416.80 0.46
Single Family Detached 5131 197,072,558.95 80.58
PUD Detached 9 541,935.00 0.22
PUD Attached 3 35,133.99 0.01
2-4 Family 213 10,000,705.99 4.09
Apartment 5+ Units 2 164,500.00 0.07
- --------------------------------------------------------------------------
Total............... 6302 $244,556,140.28 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 6082 236,771,233.87 96.82
Investor 182 6,477,211.79 2.65
Vacation/Second Home 38 1,307,694.62 0.53
- --------------------------------------------------------------------------
Total.................. 6302 $244,556,140.28 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 75 4,550,569.85 1.86
Refinance/No ETO 2618 144,619,421.93 59.14
Refinance/ETO 1304 30,127,619.02 12.32
Home Improvement 3 117,750.00 0.05
REO 1 59,979.52 0.02
Debt Consolidation 2301 65,080,799.96 26.61
- --------------------------------------------------------------------------
Total.................. 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN CLASS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loan Class Loans Balance Balance
A 1477 64,815,701.56 26.50
A- 1973 80,305,460.46 32.84
B+ 841 31,232,800.16 12.77
B 1268 43,441,757.10 17.76
B- 516 17,271,150.72 7.06
C+ 29 1,040,071.22 0.43
C 190 6,257,024.06 2.56
C- 8 192,175.00 0.08
- -----------------------------------------------------------------
Total.......... 6302 $244,556,140.28 100.00%
=================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3315 165,669,996.62 67.74
2 2987 78,886,143.66 32.26
- --------------------------------------------------------------------------
Total............... 6302 $244,556,140.28 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 6229 240,372,473.15 98.29
Partially Amortizing 73 4,183,667.13 1.71
- --------------------------------------------------------------------------
Total.................. 6302 $244,556,140.28 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL FICO RANGE
- -------------------------------------------------------------------------------------------------------------------
WA Max. Orig Total
# % Rem WA Loan Current
FICOSCORE Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
425 * FICO = 450 8 .09 12.377 280.11 .00 $53,200 $226,150.00
450 * FICO = 475 58 .77 12.771 238.32 .30 $99,300 $1,887,891.91
475 * FICO = 500 150 2.20 12.655 235.42 .33 $220,500 $5,372,498.01
500 * FICO = 525 367 5.39 12.250 260.32 .48 $165,600 $13,176,039.95
525 * FICO = 550 569 8.92 12.017 260.96 .47 $268,000 $21,825,919.88
550 * FICO = 575 656 9.82 11.899 256.14 .49 $178,000 $24,019,232.20
575 * FICO = 600 712 10.93 11.729 245.59 .44 $280,500 $26,723,575.48
600 * FICO = 625 822 13.18 11.475 256.47 .48 $320,000 $32,234,789.51
625 * FICO = 650 887 14.78 11.410 254.30 .36 $341,480 $36,146,784.16
650 * FICO = 675 751 12.63 11.331 257.27 .42 $306,000 $30,899,116.05
675 * FICO = 700 528 8.88 11.342 257.79 .36 $283,500 $21,718,561.18
700 * FICO = 725 323 5.74 11.107 246.11 .31 $288,000 $14,033,769.67
725 * FICO = 750 169 2.54 11.243 234.16 .38 $191,200 $6,221,418.23
750 * FICO = 800 101 1.44 11.265 240.41 .28 $128,000 $3,516,600.73
800 * FICO = 850 8 .08 11.037 264.63 .13 $32,000 $196,982.78
N/A 193 2.60 11.890 264.28 .58 $153,000 $6,356,810.54
- -------------------------------------------------------------------------------------------------------------------
Total..... 6,302 100.00% 11.612 253.99 .42 $341,480 $244,556,140.28
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 1997-C (HEL) - Cut Off Date of Tape is 08/31/97 - ADJUSTABLE
RATE COLLATERAL
- $420,597,577.06
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,027
Lien Status: 1st Lien Loans
Index: Various * Detailed Below
Aggregate Unpaid Principal Balance: $420,597,577.06
Aggregate Original Principal Balance: $421,002,144.46
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.176%
Gross Coupon Range: 5.500% - 14.850%
Weighted Average Margin (Gross): 6.072%
Gross Margin Range: 2.750% - 10.725%
Weighted Average Life Cap (Gross): 16.305%
Gross Life Cap Range: 11.500% - 20.875%
Weighted Average Life Floor (Gross): 10.161%
Gross Life Floor Range: 2.875% - 14.850%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $83,667.71
Average Original Principal Balance: $83,748.19
Maximum Unpaid Principal Balance: $499,398.67
Minimum Unpaid Principal Balance: $9,731.39
Maximum Original Principal Balance: $500,000.00
Minimum Original Principal Balance: $9,750.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 358.741
Stated Rem Term Range: 170.000 - 360.000
Weighted Avg. Amortized Rem. Term: 357.842
Amortized Rem Term Range: 114.486 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 0.919
Age Range: 0.000 - 20.000
Weighted Average Original Term: 359.660
Original Term Range: 180.000 - 360.000
Weighted Average Original LTV: 76.793
Original LTV Range: 7.000% - 99.240%
Weighted Average Periodic Interest Cap: 1.127%
Periodic Interest Cap Range: 1.000% - 2.000%
Weighted Average Months to Interest Roll: 24.237
Months to Interest Roll Range: 1 - 49
Weighted Average Interest Roll Frequency: 6.336
Interest Frequency Range: 1 - 12
- --------------------------------------------------------------------------------
MAX ZIP CODE CONCENTRATION .262% ZIP CODE = 60644 STATE = IL
EARLIEST FIRST PAYMENT DATE 01/01/96
LATEST MATURITY DATE 10/01/27
WEIGHTED AVERAGE FICO SCORE 602.216 * excluding 239 loans
FICO SCORE RANGE 401 - 813
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
LOAN TYPE
- ---------------------------------------------------------------------------------------------------------------------------------
WA WA WA WA Max. Orig Total
# % Rem WA Orig LIFE GROSS Loan Current
Loan Pool WAC Term Age LTV CAP MARGIN Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 YEAR CMT 166 4.99 9.623 355.59 3.71 76.19 15.66 6.017 $443,150 $20,982,959.54
1 YEAR LIBOR 29 .67 9.710 359.10 .90 72.32 15.82 5.793 $265,000 $2,804,331.50
2/28 6M LIBOR 1,342 29.93 10.529 358.68 1.06 79.00 16.85 6.216 $414,000 $125,876,987.90
3/27 6M LIBOR 121 2.75 10.652 358.34 1.53 76.91 16.71 6.138 $304,000 $11,574,343.94
3/3/1 1M LIBOR 4 .06 9.526 355.77 4.23 64.18 15.63 5.806 $78,300 $245,529.79
4/26 6M LIBOR 1,872 31.37 10.636 359.76 .24 74.00 16.64 6.257 $365,000 $131,950,147.69
6 MONTH LIBOR 1,493 30.23 9.410 358.31 .96 77.72 15.51 5.747 $500,000 $127,163,276.70
- ---------------------------------------------------------------------------------------------------------------------------------
Total..... 5,027 100.00% 10.176 358.74 .92 76.79 16.31 6.072 $500,000 $420,597,577.06
=================================================================================================================================
</TABLE>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.00% * Gross Coupon = 5.50% 1 262,644.77 0.06
6.00% * Gross Coupon = 6.50% 1 112,400.00 0.03
6.50% * Gross Coupon = 7.00% 2 214,360.66 0.05
7.00% * Gross Coupon = 7.50% 69 9,206,163.15 2.19
7.50% * Gross Coupon = 7.75% 30 3,655,178.56 0.87
7.75% * Gross Coupon = 8.00% 58 6,424,688.33 1.53
8.00% * Gross Coupon = 8.25% 51 4,988,593.24 1.19
8.25% * Gross Coupon = 8.50% 161 14,520,668.64 3.45
8.50% * Gross Coupon = 8.75% 107 9,867,938.50 2.35
8.75% * Gross Coupon = 9.00% 218 21,174,519.74 5.03
9.00% * Gross Coupon = 9.25% 162 15,028,675.68 3.57
9.25% * Gross Coupon = 9.50% 308 26,753,057.41 6.36
9.50% * Gross Coupon = 9.75% 273 25,241,499.67 6.00
9.75% * Gross Coupon = 10.00% 535 50,059,067.45 11.90
10.00% * Gross Coupon = 10.25% 509 43,407,836.50 10.32
10.25% * Gross Coupon = 10.50% 571 44,055,870.29 10.47
10.50% * Gross Coupon = 10.75% 367 29,789,446.08 7.08
10.75% * Gross Coupon = 11.00% 413 32,795,599.30 7.80
11.00% * Gross Coupon = 11.25% 349 24,659,112.50 5.86
11.25% * Gross Coupon = 11.50% 297 20,445,315.63 4.86
11.50% * Gross Coupon = 11.75% 177 12,905,092.50 3.07
11.75% * Gross Coupon = 12.00% 116 8,412,603.10 2.00
12.00% * Gross Coupon = 12.25% 85 5,230,432.70 1.24
12.25% * Gross Coupon = 12.50% 59 4,273,411.30 1.02
12.50% * Gross Coupon = 12.75% 39 2,651,158.89 0.63
12.75% * Gross Coupon = 13.00% 28 2,040,316.44 0.49
13.00% * Gross Coupon = 13.25% 11 791,445.22 0.19
13.25% * Gross Coupon = 13.50% 8 445,981.75 0.11
13.50% * Gross Coupon = 13.75% 10 476,271.22 0.11
13.75% * Gross Coupon = 14.00% 6 237,218.04 0.06
14.00% * Gross Coupon = 14.25% 3 120,188.97 0.03
14.50% * Gross Coupon = 14.75% 2 115,370.83 0.03
14.75% * Gross Coupon = 15.00% 1 235,450.00 0.06
- -------------------------------- --------------------------------------------
Total.......... 5027 $420,597,577.06 100.00%
==============================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 * Orig. Term = 180 13 721,819.72 0.17%
288 * Orig. Term = 300 1 194,674.67 0.05%
312 * Orig. Term = 324 1 42,240.65 0.01%
348 * Orig. Term = 360 5,012 419,638,842.02 99.77%
- -------------------------------------------------------------------
Total............ 5,027 420,597,577.06 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
168 * Rem Term = 180 13 721,819.72 0.17%
288 * Rem Term = 300 1 194,674.67 0.05%
312 * Rem Term = 324 1 42,240.65 0.01%
336 * Rem Term = 348 5 347,556.65 0.08%
348 * Rem Term = 360 5,007 419,291,285.37 99.69%
- -------------------------------------------------------------------
Total............ 5,027 420,597,577.06 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 2,994 233,261,723.17 55.46%
0 * Age = 12 2,031 187,176,249.96 44.50%
12 * Age = 24 2 159,603.93 0.04%
- -------------------------------------------------------------------
Total............ 5,027 420,597,577.06 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
NEXT INTEREST ROLLDATE DATE
PercentAge of
Aggregate Cut-Off Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
10/97 35 $3,209,700.15 00.76
11/97 83 $8,177,635.24 01.94
12/97 141 $12,902,659.23 03.07
01/98 316 $28,205,693.30 06.71
02/98 481 $39,593,110.36 09.41
03/98 412 $35,440,539.60 08.43
04/98 85 $9,280,260.65 02.21
05/98 52 $6,928,135.34 01.65
06/98 14 $1,601,853.28 00.38
07/98 15 $1,450,093.76 00.34
08/98 18 $1,593,880.21 00.38
09/98 14 $1,004,663.83 00.24
10/98 4 $313,489.98 00.07
11/98 11 $727,549.31 00.17
12/98 5 $438,801.53 00.10
13/98 7 $435,506.54 00.10
15/98 1 $75,750.00 00.02
01/99 1 $52,786.26 00.01
02/99 8 $678,683.20 00.16
03/99 7 $675,968.75 00.16
04/99 29 $2,805,650.64 00.67
05/99 98 $9,529,447.93 02.27
06/99 228 $22,760,818.96 05.41
07/99 410 $38,645,260.86 09.19
08/99 390 $36,659,216.52 08.72
09/99 163 $13,595,290.00 03.23
10/99 6 $290,640.00 00.07
01/00 1 $303,128.28 00.07
02/00 1 $92,520.45 00.02
03/00 8 $694,258.54 00.17
04/00 5 $376,774.69 00.09
05/00 4 $299,152.99 00.07
06/00 30 $2,476,477.40 00.59
07/00 41 $4,167,603.44 00.99
08/00 24 $2,470,213.15 00.59
09/00 7 $694,215.00 00.17
04/01 15 $928,535.90 00.22
05/01 15 $945,654.10 00.22
06/01 27 $1,895,165.77 00.45
07/01 309 $21,703,745.47 05.16
08/01 714 $50,906,768.61 12.10
09/01 704 $49,510,517.84 11.77
10/01 88 $6,059,760.00 01.44
- ----------------------------------------------------------------------
Total........ 5027 $420,597,577.06 100.00%
======================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.000 * LTV = 10.000 1 27,976.42 0.01
10.000 * LTV = 15.000 6 246,231.72 0.06
15.000 * LTV = 20.000 15 552,049.19 0.13
20.000 * LTV = 25.000 13 478,342.64 0.11
25.000 * LTV = 30.000 30 1,213,454.84 0.29
30.000 * LTV = 35.000 36 1,929,816.08 0.46
35.000 * LTV = 40.000 52 2,346,154.24 0.56
40.000 * LTV = 45.000 67 3,490,140.20 0.83
45.000 * LTV = 50.000 95 5,383,466.35 1.28
50.000 * LTV = 55.000 119 7,820,301.87 1.86
55.000 * LTV = 60.000 183 12,193,463.04 2.90
60.000 * LTV = 65.000 298 21,208,095.07 5.04
65.000 * LTV = 70.000 463 35,494,816.07 8.44
70.000 * LTV = 75.000 607 50,050,998.00 11.90
75.000 * LTV = 80.000 1462 129,173,292.99 30.71
80.000 * LTV = 85.000 952 81,336,578.16 19.34
85.000 * LTV = 90.000 591 64,285,789.09 15.28
90.000 * LTV = 95.000 35 3,229,844.02 0.77
95.000 * LTV =100.000 2 136,767.07 0.03
- --------------------------------------------------------------------------
Total.................... 5027 $420,597,577.06 100.00%
==========================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
2.500 * Margin = 3.000 1 262,644.77 0.06
3.000 * Margin = 3.500 1 187,100.40 0.04
3.500 * Margin = 4.000 10 1,160,095.83 0.28
4.000 * Margin = 4.500 17 1,523,906.33 0.36
4.500 * Margin = 5.000 416 38,727,216.73 9.21
5.000 * Margin = 5.500 989 81,705,746.02 19.43
5.500 * Margin = 6.000 827 73,509,229.56 17.48
6.000 * Margin = 6.500 1,617 126,768,581.15 30.14
6.500 * Margin = 7.000 731 60,203,135.21 14.31
7.000 * Margin = 7.500 199 18,201,029.41 4.33
7.500 * Margin = 8.000 135 11,776,892.69 2.80
8.000 * Margin = 8.500 37 3,282,004.57 0.78
8.500 * Margin = 9.000 28 1,969,433.54 0.47
9.000 * Margin = 9.500 10 728,782.43 0.17
9.500 * Margin = 10.000 5 268,589.45 0.06
10.000 * Margin = 10.500 3 258,388.97 0.06
10.500 * Margin = 11.000 1 64,800.00 0.02
- --------------------------------------------------------------------------
Total................. 5,027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
11.000 * LIFE CAP = 11.500 1 262,644.77 0.06
12.000 * LIFE CAP = 12.500 1 112,400.00 0.03
12.500 * LIFE CAP = 13.000 2 214,360.66 0.05
13.000 * LIFE CAP = 13.500 70 9,259,153.11 2.20
13.500 * LIFE CAP = 14.000 86 10,100,901.79 2.40
14.000 * LIFE CAP = 14.500 198 18,030,879.77 4.29
14.500 * LIFE CAP = 15.000 301 27,595,533.73 6.56
15.000 * LIFE CAP = 15.500 428 36,858,700.08 8.76
15.500 * LIFE CAP = 16.000 724 67,006,405.55 15.93
16.000 * LIFE CAP = 16.500 1017 81,175,393.63 19.30
16.500 * LIFE CAP = 17.000 803 64,838,292.40 15.42
17.000 * LIFE CAP = 17.500 707 53,085,393.23 12.62
17.500 * LIFE CAP = 18.000 376 30,002,991.63 7.13
18.000 * LIFE CAP = 18.500 163 11,222,255.21 2.67
18.500 * LIFE CAP = 19.000 81 5,899,082.39 1.40
19.000 * LIFE CAP = 19.500 35 2,713,207.63 0.65
19.500 * LIFE CAP = 20.000 22 1,383,841.69 0.33
20.000 * LIFE CAP = 20.500 7 358,853.44 0.09
20.500 * LIFE CAP = 21.000 5 477,286.35 0.11
- --------------------------------------------------------------------------
Total................. 5027 $420,597,577.06 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
2.500 * Life Floor = 3.000 1 80,692.03 0.02
5.000 * Life Floor = 5.500 1 262,644.77 0.06
5.500 * Life Floor = 6.000 2 243,922.11 0.06
6.000 * Life Floor = 6.500 2 211,340.03 0.05
6.500 * Life Floor = 7.000 2 214,360.66 0.05
7.000 * Life Floor = 7.500 71 9,326,105.64 2.22
7.500 * Life Floor = 8.000 95 10,923,833.78 2.60
8.000 * Life Floor = 8.500 213 19,570,897.67 4.65
8.500 * Life Floor = 9.000 326 31,115,510.11 7.40
9.000 * Life Floor = 9.500 469 41,713,486.62 9.92
9.500 * Life Floor = 10.000 811 75,365,001.73 17.92
10.000 * Life Floor = 10.500 1079 87,712,196.69 20.85
10.500 * Life Floor = 11.000 774 61,619,324.35 14.65
11.000 * Life Floor = 11.500 642 44,499,038.64 10.58
11.500 * Life Floor = 12.000 289 21,254,796.93 5.05
12.000 * Life Floor = 12.500 144 9,503,844.00 2.26
12.500 * Life Floor = 13.000 65 4,558,655.27 1.08
13.000 * Life Floor = 13.500 19 1,237,426.97 0.29
13.500 * Life Floor = 14.000 16 713,489.26 0.17
14.000 * Life Floor = 14.500 3 120,188.97 0.03
14.500 * Life Floor = 15.000 3 350,820.83 0.08
- --------------------------------------------------------------------------
Total................. 5027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PERIODIC CAP *
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Periodic Mortgage Principal Principal
Cap Loans Balance Balance
1.000 4408 353,664,538.01 84.09
1.250 1 303,128.28 0.07
1.500 256 26,301,633.63 6.25
2.000 362 40,328,277.14 9.59
- --------------------------------------------------------------------------
Total................. 5027 $420,597,577.06 100.00%
==========================================================================
* For 6M LIBOR ARMs that are 2/28. 3/27, and 4/26, the first reset
periodic caps are 3.00%
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 * Balance = 10,000 1 9,731.39 0.00
10,000 * Balance = 15,000 7 96,404.49 0.02
15,000 * Balance = 20,000 19 351,129.83 0.08
20,000 * Balance = 25,000 71 1,651,358.17 0.39
25,000 * Balance = 30,000 151 4,204,676.20 1.00
30,000 * Balance = 35,000 192 6,299,606.75 1.50
35,000 * Balance = 40,000 276 10,401,031.24 2.47
40,000 * Balance = 45,000 266 11,342,987.09 2.70
45,000 * Balance = 50,000 275 13,126,732.39 3.12
50,000 * Balance = 55,000 319 16,779,439.79 3.99
55,000 * Balance = 60,000 348 20,082,345.82 4.77
60,000 * Balance = 65,000 326 20,480,922.30 4.87
65,000 * Balance = 70,000 261 17,699,975.06 4.21
70,000 * Balance = 75,000 260 18,896,820.65 4.49
75,000 * Balance = 80,000 245 19,005,612.83 4.52
80,000 * Balance = 85,000 209 17,280,861.36 4.11
85,000 * Balance = 90,000 167 14,675,580.06 3.49
90,000 * Balance = 95,000 175 16,241,290.00 3.86
95,000 * Balance = 100,000 175 17,130,979.89 4.07
100,000 * Balance = 105,000 137 14,112,539.09 3.36
105,000 * Balance = 110,000 122 13,131,019.11 3.12
110,000 * Balance = 115,000 104 11,705,298.68 2.78
115,000 * Balance = 120,000 95 11,225,130.26 2.67
120,000 * Balance = 125,000 71 8,700,838.89 2.07
125,000 * Balance = 130,000 76 9,691,532.14 2.30
130,000 * Balance = 135,000 54 7,159,813.36 1.70
135,000 * Balance = 140,000 53 7,316,187.09 1.74
140,000 * Balance = 145,000 61 8,714,049.28 2.07
145,000 * Balance = 150,000 54 8,003,136.84 1.90
150,000 * Balance = 200,000 267 45,586,317.23 10.84
200,000 * Balance = 250,000 108 24,086,445.85 5.73
250,000 * Balance = 300,000 42 11,383,433.24 2.71
300,000 * Balance = 350,000 27 8,772,064.46 2.09
350,000 * Balance = 400,000 6 2,212,341.80 0.53
400,000 * Balance = 450,000 5 2,084,545.76 0.50
450,000 * Balance = 500,000 2 955,398.67 0.23
- --------------------------------------------------------------------------
Total.................... 5027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 * Balance = 10,000 1 9,731.39 0.00
10,000 * Balance = 15,000 7 96,404.49 0.02
15,000 * Balance = 20,000 20 371,129.83 0.09
20,000 * Balance = 25,000 71 1,651,358.17 0.39
25,000 * Balance = 30,000 151 4,214,042.15 1.00
30,000 * Balance = 35,000 193 6,335,348.53 1.51
35,000 * Balance = 40,000 276 10,413,510.35 2.48
40,000 * Balance = 45,000 266 11,354,271.92 2.70
45,000 * Balance = 50,000 276 13,184,198.17 3.13
50,000 * Balance = 55,000 319 16,791,398.11 3.99
55,000 * Balance = 60,000 348 20,095,700.39 4.78
60,000 * Balance = 65,000 326 20,502,049.22 4.87
65,000 * Balance = 70,000 260 17,643,616.45 4.19
70,000 * Balance = 75,000 261 18,981,672.06 4.51
75,000 * Balance = 80,000 247 19,171,199.13 4.56
80,000 * Balance = 85,000 204 16,894,005.00 4.02
85,000 * Balance = 90,000 167 14,675,580.06 3.49
90,000 * Balance = 95,000 175 16,241,290.00 3.86
95,000 * Balance = 100,000 177 17,329,176.33 4.12
100,000 * Balance = 105,000 135 13,914,342.65 3.31
105,000 * Balance = 110,000 122 13,131,019.11 3.12
110,000 * Balance = 115,000 105 11,820,203.72 2.81
115,000 * Balance = 120,000 96 11,350,151.52 2.70
120,000 * Balance = 125,000 71 8,710,783.53 2.07
125,000 * Balance = 130,000 74 9,441,661.20 2.24
130,000 * Balance = 135,000 55 7,294,787.25 1.73
135,000 * Balance = 140,000 53 7,321,177.58 1.74
140,000 * Balance = 145,000 61 8,714,139.92 2.07
145,000 * Balance = 150,000 54 8,012,637.45 1.91
150,000 * Balance = 200,000 266 45,436,761.60 10.80
200,000 * Balance = 250,000 110 24,584,406.62 5.85
250,000 * Balance = 300,000 40 10,885,472.47 2.59
300,000 * Balance = 350,000 27 8,772,064.46 2.09
350,000 * Balance = 400,000 6 2,212,341.80 0.53
400,000 * Balance = 450,000 5 2,084,545.76 0.50
450,000 * Balance = 500,000 2 955,398.67 0.23
- --------------------------------------------------------------------------
Total.................... 5027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AK 6 471,700.00 0.11
AR 5 281,555.59 0.07
AZ 81 6,542,907.97 1.56
CA 199 25,129,412.42 5.97
CO 144 15,197,131.08 3.61
CT 65 7,585,087.49 1.80
DC 31 3,128,575.60 0.74
DE 12 1,115,869.38 0.27
FL 192 15,378,647.48 3.66
GA 162 14,079,387.40 3.35
IA 26 1,403,524.84 0.33
ID 116 8,273,207.92 1.97
IL 346 33,133,453.53 7.88
IN 213 13,164,370.69 3.13
KS 58 3,338,806.19 0.79
KY 100 5,792,482.98 1.38
LA 57 3,777,242.85 0.90
MA 172 18,439,269.53 4.38
MD 124 13,886,965.34 3.30
ME 57 3,892,027.04 0.93
MI 416 29,821,520.71 7.09
MN 110 8,728,296.60 2.08
MO 166 10,485,957.05 2.49
MS 17 938,153.69 0.22
MT 13 805,008.29 0.19
NC 116 8,802,058.99 2.09
ND 2 64,800.00 0.02
NE 17 830,793.40 0.20
NH 46 3,387,267.41 0.81
NJ 105 10,431,022.01 2.48
NM 61 4,608,765.09 1.10
NV 27 3,105,515.84 0.74
NY 167 14,884,443.90 3.54
OH 333 23,992,689.75 5.70
OK 33 2,275,894.84 0.54
OR 74 6,623,775.37 1.57
PA 265 18,697,119.73 4.45
RI 25 2,191,971.35 0.52
SC 41 2,918,106.18 0.69
SD 3 247,514.20 0.06
TN 95 7,339,449.40 1.75
TX 100 9,421,875.57 2.24
UT 100 9,629,286.74 2.29
VA 73 7,574,441.19 1.80
VT 19 1,515,285.26 0.36
WA 279 26,060,763.43 6.20
WI 135 9,524,601.33 2.26
WV 14 854,237.88 0.20
WY 9 825,336.54 0.20
- --------------------------------------------------------------------------
Total............... 5027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Manufactured Housing 270 17,043,595.33 4.05
Townhouses 40 3,315,950.70 0.79
Condominiums 64 4,569,506.88 1.09
Single Family Detached 4335 362,832,220.52 86.27
PUD Detached 48 6,850,264.19 1.63
PUD Attached 7 799,485.55 0.19
2-4 Family 259 24,654,023.90 5.86
Apartment 5+ Units 4 532,529.99 0.13
- --------------------------------------------------------------------------
Total............... 5027 $420,597,577.06 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 4808 406,002,332.11 96.53
Investor 196 12,922,667.88 3.07
Vacation/Second Home 23 1,672,577.07 0.40
- --------------------------------------------------------------------------
Total.................. 5027 $420,597,577.06 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 608 67,034,184.83 15.94
Refinance/No ETO 3744 317,300,206.26 75.44
Refinance/ETO 324 17,076,662.37 4.06
Debt Consolidation 351 19,186,523.60 4.56
- --------------------------------------------------------------------------
Total.................. 5027 $420,597,577.06 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN GRADE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loan Grade Loans Balance Balance
A 701 65,543,548.10 15.58
A- 1473 139,917,109.92 33.27
B+ 831 69,868,071.90 16.61
B 1222 91,269,952.13 21.70
B- 531 36,965,623.22 8.79
C+ 49 3,583,395.06 0.85
C 208 12,786,021.66 3.04
C- 12 663,855.07 0.16
- -----------------------------------------------------------------
Total.......... 5027 $ 420,597,577.06 100.00%
=================================================================
<TABLE>
<CAPTION>
ORIGINAL FICO RANGE
- -------------------------------------------------------------------------------------------------------------------
WA Max. Orig Total
# % Rem WA Loan Current
FICOSCORE Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
400 * FICO = 425 4 .16 10.891 357.01 2.99 $406,400 $673,520.06
425 * FICO = 450 8 .14 10.843 359.14 .86 $168,750 $584,226.04
450 * FICO = 475 57 .97 10.978 359.31 .69 $336,000 $4,084,781.96
475 * FICO = 500 175 3.04 10.704 359.16 .84 $456,000 $12,791,875.08
500 * FICO = 525 359 6.59 10.668 359.04 .96 $500,000 $27,726,538.96
525 * FICO = 550 605 10.87 10.555 358.91 .84 $365,500 $45,702,890.28
550 * FICO = 575 642 12.53 10.360 358.69 .87 $315,000 $52,703,479.72
575 * FICO = 600 673 13.69 10.279 358.09 1.00 $423,000 $57,600,350.35
600 * FICO = 625 643 13.34 10.135 358.87 1.04 $443,150 $56,118,025.71
625 * FICO = 650 621 13.20 9.931 358.73 .91 $405,500 $55,528,010.46
650 * FICO = 675 435 9.45 9.738 359.05 .80 $370,980 $39,736,759.62
675 * FICO = 700 286 6.14 9.805 358.47 .94 $414,000 $25,821,888.80
700 * FICO = 725 155 3.10 9.412 359.15 .85 $348,000 $13,047,113.58
725 * FICO = 750 68 1.54 9.567 358.83 1.17 $321,750 $6,458,980.22
750 * FICO = 800 54 1.30 9.447 358.84 1.16 $350,000 $5,479,902.24
800 * FICO = 850 3 .08 8.617 359.07 .93 $169,700 $318,415.06
N/A 239 3.86 10.416 358.67 .76 $306,000 $16,220,818.92
- -------------------------------------------------------------------------------------------------------------------
Total..... 5,027 100.00% 10.176 358.74 .92 $500,000 $420,597,577.06
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 1997 C (MUL) - Cut Off Date of Tape is 08/31/97 -
MULTI-FAMILY COLLATERAL
- $18,136,975.95
- Multi-Family Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 89
Lien Status: 1st Lien Loans
Aggregate Unpaid Principal Balance: $18,136,975.95
Aggregate Original Principal Balance: $18,151,485.00
Weighted Average Gross Coupon: 11.489%
Gross Coupon Range: 9.250% - 13.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $203,786.25
Average Original Principal Balance: $203,949.27
Maximum Unpaid Principal Balance: $900,000.00
Minimum Unpaid Principal Balance: $38,990.46
Maximum Original Principal Balance: $900,000.00
Minimum Original Principal Balance: $39,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 346.305
Stated Rem Term Range: 176.000 - 360.000
Weighted Avg. Amortized Rem. Term: 345.583
Amortized Rem Term Range: 178.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 1.264
Age Range: 0.000 - 13.000
Weighted Average Original Term: 347.569
Original Term Range: 180.000 - 360.000
Weighted Average Original LTV: 63.696
Original LTV Range: 20.010% - 70.180%
MAX ZIP CODE CONCENTRATION 4.962% ZIP CODE 30087 STATE GA
EARLIEST FIRST PAYMENT DATE 08/01/96
LATEST MATURITY DATE 09/01/27
WEIGHTED AVERAGE FICO SCORE 675.350 *excluding 18 loans
FICO SCORE RANGE 538 - 825
<TABLE>
<CAPTION>
LOAN TYPE
- ----------------------------------------------------------------------------------------------------------------------------------
WA WA WA WA Max. Orig Total
# % Rem WA Orig LIFE GROSS Loan Current
Loan Type Loan Pool WAC Term Age LTV CAP MARGIN Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2/28 6M LIBOR 1 .40 11.500 359.00 1.00 65.00 17.50 5.500 $73,450 $73,426.53
3/27 6M LIBOR 1 .21 12.700 359.00 1.00 65.00 18.70 7.500 $39,000 $38,990.46
6 MONTH LIBOR 18 20.39 10.579 357.47 2.53 62.80 16.27 5.254 $442,000 $3,697,697.64
FIXED 69 78.99 11.721 343.32 .94 63.92 .00 .000 $900,000 $14,326,861.32
- ---------------------------------------------------------------------------------------------------------------------------------
Total..... 89 100.00% 11.489 346.30 1.26 63.70 3.43 1.110 $900,000 $18,136,975.95
=================================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
9.00% * Gross Coupon = 9.25% 1 355,112.41 1.96
9.25% * Gross Coupon = 9.50% 2 304,062.78 1.68
9.75% * Gross Coupon = 10.00% 2 718,322.56 3.96
10.00% * Gross Coupon = 10.25% 2 197,600.60 1.09
10.25% * Gross Coupon = 10.50% 6 1,018,483.09 5.62
10.50% * Gross Coupon = 10.75% 3 328,543.79 1.81
10.75% * Gross Coupon = 11.00% 14 3,646,518.61 20.11
11.00% * Gross Coupon = 11.25% 7 1,360,316.24 7.50
11.25% * Gross Coupon = 11.50% 13 2,341,988.06 12.91
11.50% * Gross Coupon = 11.75% 17 3,270,638.10 18.03
11.75% * Gross Coupon = 12.00% 1 230,750.00 1.27
12.00% * Gross Coupon = 12.25% 3 502,865.36 2.77
12.25% * Gross Coupon = 12.50% 4 518,483.48 2.86
12.50% * Gross Coupon = 12.75% 5 941,590.46 5.19
12.75% * Gross Coupon = 13.00% 5 831,565.94 4.58
13.00% * Gross Coupon = 13.25% 2 1,355,000.00 7.47
13.25% * Gross Coupon = 13.50% 2 215,134.47 1.19
- ------------------------------------------------------------------------------
Total.......... 89 $ 18,136,975.95 100.00%
==============================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 * Orig. Term = 180 10 1,252,527.80 6.91%
348 * Orig. Term = 360 79 16,884,448.15 93.09%
- -------------------------------------------------------------------
Total............ 89 18,136,975.95 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
168 * Rem Term = 180 10 1,252,527.80 6.91%
336 * Rem Term = 348 1 93,405.45 0.52%
348 * Rem Term = 360 78 16,791,042.70 92.58%
- -------------------------------------------------------------------
Total............ 89 18,136,975.95 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 38 7,313,539.68 40.32%
0 * Age = 12 50 10,730,030.82 59.16%
12 * Age = 24 1 93,405.45 0.52%
- -------------------------------------------------------------------
Total............ 89 18,136,975.95 100.00%
===================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
20.000 * LTV = 25.000 1 55,400.00 0.31
25.000 * LTV = 30.000 1 174,562.78 0.96
40.000 * LTV = 45.000 1 70,919.58 0.39
45.000 * LTV = 50.000 2 114,794.26 0.63
50.000 * LTV = 55.000 5 664,105.96 3.66
55.000 * LTV = 60.000 15 4,117,452.71 22.70
60.000 * LTV = 65.000 30 5,707,223.41 31.47
65.000 * LTV = 70.000 33 7,032,517.25 38.77
70.000 * LTV = 75.000 1 200,000.00 1.10
- --------------------------------------------------------------------------
Total.................... 89 $ 18,136,975.95 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
35,000 * Balance = 40,000 1 38,990.46 0.21
45,000 * Balance = 50,000 1 49,833.77 0.27
50,000 * Balance = 55,000 1 54,575.92 0.30
55,000 * Balance = 60,000 4 229,400.00 1.26
60,000 * Balance = 65,000 1 64,960.49 0.36
70,000 * Balance = 75,000 4 290,532.39 1.60
75,000 * Balance = 80,000 2 154,314.13 0.85
80,000 * Balance = 85,000 2 168,882.73 0.93
85,000 * Balance = 90,000 2 172,964.99 0.95
90,000 * Balance = 95,000 3 275,405.45 1.52
95,000 * Balance = 100,000 3 295,570.51 1.63
105,000 * Balance = 110,000 1 108,500.00 0.60
110,000 * Balance = 115,000 2 222,479.66 1.23
120,000 * Balance = 125,000 2 248,824.20 1.37
125,000 * Balance = 130,000 6 770,319.20 4.25
130,000 * Balance = 135,000 1 131,000.00 0.72
135,000 * Balance = 140,000 3 413,500.00 2.28
140,000 * Balance = 145,000 2 285,860.54 1.58
145,000 * Balance = 150,000 1 146,250.00 0.81
150,000 * Balance = 200,000 15 2,602,470.61 14.35
200,000 * Balance = 250,000 9 1,971,419.38 10.87
250,000 * Balance = 300,000 4 1,116,367.23 6.16
300,000 * Balance = 350,000 6 1,969,671.03 10.86
350,000 * Balance = 400,000 5 1,831,634.97 10.10
400,000 * Balance = 450,000 3 1,282,383.90 7.07
450,000 * Balance = 500,000 2 941,236.53 5.19
500,000 * Balance = 550,000 1 524,627.86 2.89
750,000 * Balance 2 1,775,000.00 9.79
- --------------------------------------------------------------------------
Total.................... 89 $ 18,136,975.95 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
35,000 * Balance = 40,000 1 38,990.46 0.21
45,000 * Balance = 50,000 1 49,833.77 0.27
50,000 * Balance = 55,000 1 54,575.92 0.30
55,000 * Balance = 60,000 4 229,400.00 1.26
60,000 * Balance = 65,000 1 64,960.49 0.36
70,000 * Balance = 75,000 4 290,532.39 1.60
75,000 * Balance = 80,000 2 154,314.13 0.85
80,000 * Balance = 85,000 2 168,882.73 0.93
85,000 * Balance = 90,000 2 172,964.99 0.95
90,000 * Balance = 95,000 3 275,405.45 1.52
95,000 * Balance = 100,000 3 295,570.51 1.63
105,000 * Balance = 110,000 1 108,500.00 0.60
110,000 * Balance = 115,000 2 222,479.66 1.23
120,000 * Balance = 125,000 2 248,824.20 1.37
125,000 * Balance = 130,000 6 770,319.20 4.25
130,000 * Balance = 135,000 1 131,000.00 0.72
135,000 * Balance = 140,000 3 413,500.00 2.28
140,000 * Balance = 145,000 2 285,860.54 1.58
145,000 * Balance = 150,000 1 146,250.00 0.81
150,000 * Balance = 200,000 15 2,602,470.61 14.35
200,000 * Balance = 250,000 9 1,971,419.38 10.87
250,000 * Balance = 300,000 4 1,116,367.23 6.16
300,000 * Balance = 350,000 6 1,969,671.03 10.86
350,000 * Balance = 400,000 5 1,831,634.97 10.10
400,000 * Balance = 450,000 3 1,282,383.90 7.07
450,000 * Balance = 500,000 2 941,236.53 5.19
500,000 * Balance = 550,000 1 524,627.86 2.89
750,000 * Balance 2 1,775,000.00 9.79
- --------------------------------------------------------------------------
Total.................... 89 $ 18,136,975.95 100.00%
==========================================================================
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AZ 4 771,339.94 4.25
CA 21 3,888,364.45 21.44
CT 2 328,000.00 1.81
DC 2 761,600.00 4.20
FL 1 299,323.84 1.65
GA 4 1,686,010.05 9.30
IL 3 231,792.47 1.28
MA 3 334,259.19 1.84
ME 1 56,000.00 0.31
NJ 2 475,192.02 2.62
NY 19 3,439,981.33 18.97
OH 3 223,686.28 1.23
OK 1 875,000.00 4.82
PA 3 663,620.70 3.66
TX 19 4,048,229.76 22.32
WI 1 54,575.92 0.30
- --------------------------------------------------------------------------
Total............... 89 $ 18,136,975.95 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Multi-Family/Apt. 71 15,612,486.65 86.08
Business w/ Dwelling 18 2,524,489.30 13.92
- --------------------------------------------------------------------------
Total............... 89 $ 18,136,975.95 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 14 2,071,000.95 11.42
Investor 74 15,835,225.00 87.31
Vacation/Second Home 1 230,750.00 1.27
- --------------------------------------------------------------------------
Total.................. 89 $ 18,136,975.95 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 26 5,409,400.47 29.83
Refinance/No ETO 38 7,976,183.63 43.98
Refinance/ETO 17 3,264,679.55 18.00
Tuition 1 260,000.00 1.43
Debt Consolidation 4 444,462.78 2.45
Other 3 782,249.52 4.31
- --------------------------------------------------------------------------
Total.................. 89 $ 18,136,975.95 100.00%
==========================================================================
LOAN CLASS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loan Class Loans Balance Balance
A 48 10,224,148.04 56.37
A- 33 6,694,940.89 36.91
B 3 578,426.53 3.19
B+ 4 574,500.00 3.17
B- 1 64,960.49 0.36
- -----------------------------------------------------------------
Total.......... 89 $ 18,136,975.95 100.00%
=================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 89 18,136,975.95 100.00
- --------------------------------------------------------------------------
Total............... 89 $ 18,136,975.95 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 87 17,853,435.77 98.44
Partially Amortizing 2 283,540.18 1.56
- --------------------------------------------------------------------------
Total.................. 89 $ 18,136,975.95 100.00%
==========================================================================
<TABLE>
<CAPTION>
ORIGINAL FICO RANGE
- -------------------------------------------------------------------------------------------------------------------
WA Max. Orig Total
# % Rem WA Loan Current
FICOSCORE Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
525 * FICO = 550 2 .83 12.260 358.00 2.00 $85,000 $149,960.49
550 * FICO = 575 3 2.91 11.213 359.15 .85 $287,500 $527,366.03
575 * FICO = 600 5 2.58 12.238 359.64 .36 $180,000 $467,401.27
600 * FICO = 625 6 6.81 11.612 359.88 .12 $368,200 $1,235,322.84
625 * FICO = 650 18 23.17 11.396 328.05 .66 $875,000 $4,201,738.81
650 * FICO = 675 7 5.36 11.292 324.47 .63 $269,750 $972,513.71
675 * FICO = 700 11 9.04 11.217 352.81 1.72 $243,000 $1,639,576.68
700 * FICO = 725 6 8.00 11.138 337.81 3.12 $442,000 $1,450,205.26
725 * FICO = 750 9 10.40 11.229 358.90 1.10 $350,000 $1,886,330.36
750 * FICO = 800 3 3.04 11.198 358.90 1.10 $304,500 $552,250.00
800 * FICO = 850 1 4.96 13.250 360.00 .00 $900,000 $900,000.00
N/A 7 8.24 11.492 357.64 2.36 $455,000 $1,495,117.52
N/A 11 14.66 11.538 349.35 1.85 $525,000 $2,659,192.98
- -------------------------------------------------------------------------------------------------------------------
Total..... 89 100.00% 11.489 346.30 1.26 $900,000 $18,136,975.95
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 1997-C - Cut Off Date of Tape is 8/31/97 - FIXED RATE HOME
IMPROVEMENT LOANS
- $166,110,781.66
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 9,207
Lien Status: First, Second and Third Lien Loans
Aggregate Unpaid Principal Balance: $166,110,781.66
Aggregate Original Principal Balance: $166,747,621.00
Weighted Average Gross Coupon: 12.910%
Gross Coupon Range: 7.990% - 16.990%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $18,041.79
Average Original Principal Balance: $18,110.96
Maximum Unpaid Principal Balance: $55,987.12
Minimum Unpaid Principal Balance: $1,199.18
Maximum Original Principal Balance: $56,060.00
Minimum Original Principal Balance: $1,343.00
Weighted Avg. Stated Rem. Term (LPD to Mat/Bln Date): 219.671
Stated Rem Term Range: 15.000 - 300.000
Weighted Average Age (First Pay thru Last Pay): 2.175
Age Range: 0.000 - 271.000
Weighted Average Original Term (to Mat/Bln Date): 221.846
Original Term Range: 18.000 - 300.000
Weighted Average Combined LTV: 80.573
Combined LTV Range: 5.020% - 100.010%
Weighted Average Home Equity Loan Ratio: 23.758 (1)
Home Equity Loan Ratio Range: 1.336% - 99.968%
Weighted Average Debt To Income Ratio: 38.800
Debt To Income Ratio Range: 0.060 - 60.000
(1) Home Equity Loan Ratio Is Computed By The Following Calculation:
(Securitized Subordinate Lien Balance) /
(Securitized Subordinate Lien Balance + Senior Lien Balances)
The Weighted Average Is Computed Excluding First Lien Loans As The Ratio
Applies Only To Subordinate Lien Loans.
MAX ZIP CODE CONCENTRATION 0.435% ZIP CODE 60628 STATE IL
EARLIEST FIRST PAYMENT DATE 03/05/75
LATEST MATURITY DATE 11/01/22
WEIGHTED AVERAGE FICO SCORES 632.753 *excluding 579 loans
FICO SCORE RANGES 372 - 831
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
GROSS COUPON
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Balance Current
Coupon Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7.75% * Gross Coupon = 8.00% 2 .01 7.990 90.46 5.39 85.06 $10,900 $17,409.84
8.50% * Gross Coupon = 8.75% 1 .00 8.750 118.00 2.00 90.52 $8,300 $8,173.62
8.75% * Gross Coupon = 9.00% 3 .03 8.993 96.05 1.52 72.22 $19,900 $41,902.83
9.25% * Gross Coupon = 9.50% 1 .01 9.500 117.00 3.00 32.36 $8,481 $8,402.79
9.75% * Gross Coupon = 10.00% 1,048 12.72 9.990 240.48 2.33 78.57 $50,928 $21,130,293.21
10.00% * Gross Coupon = 10.25% 80 .56 10.250 156.14 1.68 64.68 $31,153 $934,611.23
10.25% * Gross Coupon = 10.50% 266 3.43 10.494 240.54 2.02 80.86 $45,000 $5,694,069.36
10.50% * Gross Coupon = 10.75% 7 .10 10.750 256.32 1.49 81.18 $45,769 $167,660.51
10.75% * Gross Coupon = 11.00% 481 5.27 10.990 214.98 1.98 76.51 $53,590 $8,756,267.56
11.00% * Gross Coupon = 11.25% 53 .79 11.245 274.65 2.03 82.07 $45,802 $1,316,988.16
11.25% * Gross Coupon = 11.50% 130 1.71 11.499 231.62 1.92 78.49 $50,516 $2,837,399.36
11.50% * Gross Coupon = 11.75% 58 .49 11.742 191.53 1.94 70.91 $49,064 $820,272.92
11.75% * Gross Coupon = 12.00% 647 6.84 11.991 205.09 2.00 77.46 $50,000 $11,364,649.29
12.00% * Gross Coupon = 12.25% 87 .94 12.239 212.20 2.31 74.96 $50,000 $1,561,977.91
12.25% * Gross Coupon = 12.50% 648 5.46 12.490 193.86 2.02 70.24 $52,464 $9,072,029.75
12.50% * Gross Coupon = 12.75% 69 1.11 12.749 240.16 1.97 81.98 $50,465 $1,841,358.36
12.75% * Gross Coupon = 13.00% 1,477 14.59 12.990 204.68 2.10 77.33 $56,060 $24,237,484.37
13.00% * Gross Coupon = 13.25% 249 2.34 13.226 207.03 1.86 85.87 $50,000 $3,879,238.69
13.25% * Gross Coupon = 13.50% 307 2.95 13.478 208.62 2.03 79.71 $50,000 $4,901,401.71
13.50% * Gross Coupon = 13.75% 231 2.43 13.732 221.52 1.92 85.09 $50,000 $4,039,571.71
13.75% * Gross Coupon = 14.00% 1,377 16.21 13.991 217.63 2.17 84.02 $50,000 $26,926,500.80
14.00% * Gross Coupon = 14.25% 189 1.93 14.189 216.57 2.06 86.03 $50,000 $3,212,117.48
14.25% * Gross Coupon = 14.50% 284 3.40 14.470 229.92 2.12 88.05 $50,000 $5,650,320.07
14.50% * Gross Coupon = 14.75% 136 1.83 14.746 239.56 2.10 88.96 $50,000 $3,046,467.99
14.75% * Gross Coupon = 15.00% 524 6.99 14.989 243.71 3.20 86.86 $50,000 $11,609,977.81
15.00% * Gross Coupon = 15.25% 51 .77 15.240 266.09 1.98 89.57 $50,000 $1,276,719.13
15.25% * Gross Coupon = 15.50% 120 1.71 15.497 255.17 2.25 92.05 $50,000 $2,848,776.67
15.50% * Gross Coupon = 15.75% 38 .63 15.743 278.83 2.17 90.61 $50,000 $1,047,547.38
15.75% * Gross Coupon = 16.00% 640 4.69 15.941 185.96 2.01 77.53 $50,000 $7,796,054.85
16.25% * Gross Coupon = 16.50% 2 .02 16.480 274.06 1.21 97.37 $36,000 $40,136.30
16.75% * Gross Coupon = 17.00% 1 .02 16.990 238.00 2.00 89.15 $25,000 $25,000.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL MATURITY
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10 * Original Maturity = 20 2 .02 12.256 15.52 2.48 62.71 $21,650 $41,513.62
20 * Original Maturity = 30 12 .05 11.775 24.04 3.15 70.32 $40,310 $84,485.83
30 * Original Maturity = 40 52 .14 12.963 34.25 1.75 55.56 $25,325 $238,703.18
40 * Original Maturity = 50 68 .22 13.205 46.05 1.95 61.11 $14,369 $357,565.82
50 * Original Maturity = 60 442 1.78 12.534 58.07 1.93 63.99 $30,165 $2,960,949.14
60 * Original Maturity = 70 1 .00 15.900 67.00 3.00 89.54 $7,381 $7,381.25
70 * Original Maturity = 80 88 .38 13.410 69.74 2.26 76.81 $22,571 $637,678.18
80 * Original Maturity = 90 365 1.53 13.382 81.92 2.08 70.02 $27,707 $2,543,870.95
90 * Original Maturity = 100 129 .59 13.531 93.49 2.51 68.36 $19,650 $981,773.08
100 * Original Maturity = 110 23 .13 13.354 105.27 2.73 74.84 $15,512 $215,825.32
110 * Original Maturity = 120 1,731 10.94 12.881 117.91 2.09 69.85 $50,000 $18,178,064.54
120 * Original Maturity = 130 1 .01 13.990 128.00 2.00 97.76 $11,000 $11,000.00
130 * Original Maturity = 140 4 .03 13.191 130.12 1.88 74.56 $20,000 $47,051.96
140 * Original Maturity = 150 142 .97 14.126 142.37 1.65 68.41 $30,900 $1,609,674.48
150 * Original Maturity = 160 2 .02 12.994 155.00 1.00 83.41 $19,199 $33,419.50
160 * Original Maturity = 170 4 .03 11.353 166.79 1.21 60.87 $18,000 $47,575.78
170 * Original Maturity = 180 2,254 22.07 12.690 177.94 2.06 77.70 $53,590 $36,663,200.40
180 * Original Maturity = 190 1 .01 15.900 181.00 3.00 88.01 $11,796 $11,768.36
190 * Original Maturity = 200 2 .02 11.859 191.39 .61 83.22 $16,237 $26,737.00
200 * Original Maturity = 210 2 .04 12.917 201.00 3.00 97.16 $32,300 $61,213.46
210 * Original Maturity = 220 2 .01 10.462 213.00 3.00 90.83 $10,874 $20,485.43
220 * Original Maturity = 230 1 .01 11.990 223.00 2.00 78.44 $22,797 $22,797.29
230 * Original Maturity = 240 2,296 31.99 13.303 237.93 2.07 83.18 $50,000 $53,136,005.03
290 * Original Maturity = 300 1,583 29.00 12.593 297.56 2.44 86.53 $56,060 $48,172,042.06
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
REMAINING TERM
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12 * Rem Term = 24 12 .05 12.232 18.53 2.40 61.68 $21,650 $81,077.78
24 * Rem Term = 36 56 .22 12.751 32.03 65.26 63.62 $50,000 $370,715.51
36 * Rem Term = 48 70 .22 13.206 46.00 2.17 61.05 $14,369 $362,833.93
48 * Rem Term = 60 441 1.78 12.534 58.10 2.07 64.07 $30,165 $2,964,381.03
60 * Rem Term = 72 89 .39 13.439 69.71 2.26 76.95 $22,571 $645,059.43
72 * Rem Term = 84 366 1.54 13.387 81.92 2.19 69.84 $27,707 $2,551,886.95
84 * Rem Term = 96 130 .59 13.529 93.45 2.61 68.48 $19,650 $986,660.92
96 * Rem Term = 108 24 .15 13.474 104.77 4.88 69.62 $20,890 $244,548.31
108 * Rem Term = 120 1,727 10.91 12.878 117.99 2.01 69.93 $50,000 $18,127,737.71
120 * Rem Term = 132 6 .05 13.261 129.32 13.42 81.77 $20,000 $75,382.29
132 * Rem Term = 144 141 .96 14.128 142.34 1.66 68.68 $30,900 $1,602,637.98
144 * Rem Term = 156 3 .02 13.082 153.96 1.00 69.83 $19,199 $40,456.00
156 * Rem Term = 168 5 .04 12.126 164.21 7.31 69.22 $20,215 $67,320.76
168 * Rem Term = 180 2,252 22.05 12.689 177.97 2.03 77.68 $53,590 $36,626,125.09
180 * Rem Term = 192 3 .02 13.094 188.22 1.34 84.69 $16,237 $38,505.36
192 * Rem Term = 204 3 .05 12.934 200.30 12.05 83.97 $32,300 $79,722.53
204 * Rem Term = 216 2 .01 10.462 213.00 3.00 90.83 $10,874 $20,485.43
216 * Rem Term = 228 1 .01 11.990 223.00 2.00 78.44 $22,797 $22,797.29
228 * Rem Term = 240 2,295 31.98 13.303 237.95 2.05 83.19 $50,000 $53,117,495.96
288 * Rem Term = 300 1,581 28.95 12.593 298.04 1.96 86.55 $56,060 $48,084,951.40
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN AGE IN MONTHS
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Age of Loan Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0 = Age 415 3.58 12.66 202.77 .00 74.87 $52,464 $5,948,747.28
0 * Age = 12 8,780 96.30 12.92 220.47 2.09 80.80 $56,060 $159,958,876.56
12 * Age = 24 6 .04 13.99 111.56 21.19 60.44 $20,890 $63,511.76
36 * Age = 48 2 .02 13.59 163.25 40.49 31.26 $18,515 $26,525.07
48 * Age = 60 1 .01 12.99 128.00 52.00 91.18 $20,000 $17,330.33
60 * Age = 72 1 .01 12.99 59.00 61.00 84.62 $8,700 $8,700.00
264 * Age = 276 2 .05 12.87 29.00 271.00 77.82 $50,000 $87,090.66
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINATION YEAR
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1975 2 .05 12.866 29.00 271.00 77.82 $50,000 $87,090.66
1992 1 .01 12.990 59.00 61.00 84.62 $8,700 $8,700.00
1993 1 .01 12.990 128.00 52.00 91.18 $20,000 $17,330.33
1994 2 .02 13.595 163.25 40.49 31.26 $18,515 $26,525.07
1995 4 .03 13.836 119.92 22.00 69.80 $20,890 $45,915.70
1996 51 .55 13.261 205.77 8.61 79.09 $49,900 $911,849.85
1997 9,146 99.34 12.908 219.90 1.98 80.59 $56,060 $165,013,370.05
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
COMBINED LTV RANGE
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
CLTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
5.000 * CLTV = 10.000 95 .49 12.464 131.26 1.67 8.01 $22,180 $810,141.01
10.000 * CLTV = 20.000 155 1.02 12.412 164.14 1.64 17.83 $34,449 $1,700,262.99
20.000 * CLTV = 25.000 147 1.07 12.488 170.22 1.92 22.43 $36,614 $1,769,982.75
25.000 * CLTV = 30.000 152 1.14 12.536 167.65 1.92 27.63 $40,110 $1,899,790.32
30.000 * CLTV = 35.000 149 1.24 12.641 175.66 2.11 32.63 $49,605 $2,065,134.87
35.000 * CLTV = 40.000 168 1.45 12.580 173.70 2.20 37.61 $50,000 $2,402,227.88
40.000 * CLTV = 45.000 189 1.85 12.363 195.79 2.07 42.45 $56,060 $3,070,411.97
45.000 * CLTV = 50.000 143 1.33 12.315 182.87 6.53 47.72 $45,400 $2,203,444.46
50.000 * CLTV = 55.000 186 1.60 12.835 187.61 2.12 52.62 $50,000 $2,652,834.98
55.000 * CLTV = 60.000 214 1.82 12.576 190.21 2.09 57.38 $53,590 $3,027,583.38
60.000 * CLTV = 65.000 291 2.76 12.562 202.54 2.09 62.61 $49,702 $4,587,976.72
65.000 * CLTV = 70.000 368 3.67 12.541 211.96 2.05 67.61 $50,000 $6,088,010.55
70.000 * CLTV = 75.000 478 4.59 12.607 205.46 2.24 72.69 $50,516 $7,623,402.17
75.000 * CLTV = 80.000 710 7.63 12.651 218.04 2.06 77.67 $50,000 $12,669,556.89
80.000 * CLTV = 85.000 998 11.45 12.868 223.84 2.10 82.65 $51,290 $19,018,645.89
85.000 * CLTV = 90.000 1,157 13.77 12.977 226.25 2.09 87.76 $50,470 $22,873,761.18
90.000 * CLTV = 95.000 1,450 17.53 12.934 230.82 1.93 92.55 $50,928 $29,121,283.68
95.000 * CLTV = 100.000 2,009 24.68 13.321 236.12 2.33 97.82 $50,000 $40,995,822.95
100.000 * CLTV = 100.000 6 .05 11.871 197.86 3.19 100.01 $32,700 $89,763.91
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
HOME EQUITY LOAN RATIO
- -------------------------------------------------------------------------------------------------------
WA Max. Orig Total
Home Equity Loan # % Rem WA Loan Current
Ratio Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
0.000 * HEL Ratio = 5.000 226 .73 13.582 113.33 1.89 $20,187 $1,217,859.46
5.000 * HEL Ratio = 10.000 1,209 7.06 12.935 167.86 1.98 $50,000 $11,732,483.81
10.000 * HEL Ratio = 15.000 1,834 17.07 12.648 212.54 2.05 $50,000 $28,360,382.85
15.000 * HEL Ratio = 20.000 1,687 19.97 12.820 229.45 2.03 $50,000 $33,179,823.45
20.000 * HEL Ratio = 25.000 1,199 16.68 13.045 237.10 2.08 $50,145 $27,703,240.66
25.000 * HEL Ratio = 30.000 774 11.25 13.201 239.08 2.56 $50,000 $18,694,487.68
30.000 * HEL Ratio = 35.000 465 6.78 13.261 236.68 3.31 $50,928 $11,254,698.20
35.000 * HEL Ratio = 40.000 330 4.95 13.135 238.37 1.97 $50,000 $8,220,177.02
40.000 * HEL Ratio = 45.000 198 2.59 12.725 218.97 2.10 $50,000 $4,307,675.68
45.000 * HEL Ratio = 50.000 136 1.76 13.046 220.06 2.25 $50,470 $2,916,236.70
50.000 * HEL Ratio = 55.000 85 1.12 12.759 227.85 2.17 $50,000 $1,862,492.44
55.000 * HEL Ratio = 60.000 75 .91 12.855 211.19 2.49 $53,590 $1,506,945.73
60.000 * HEL Ratio = 65.000 57 .62 12.892 202.61 2.19 $50,000 $1,035,682.85
65.000 * HEL Ratio = 70.000 51 .58 13.220 193.45 1.99 $51,290 $958,336.34
70.000 * HEL Ratio = 75.000 30 .37 12.078 208.25 1.98 $50,000 $616,959.57
75.000 * HEL Ratio = 80.000 28 .32 12.327 183.44 1.97 $48,000 $536,269.86
80.000 * HEL Ratio = 85.000 26 .25 12.448 171.56 2.64 $37,958 $416,187.50
85.000 * HEL Ratio = 90.000 21 .26 12.174 216.87 2.41 $40,877 $429,454.90
90.000 * HEL Ratio = 95.000 15 .17 11.691 196.17 2.11 $50,000 $281,803.04
95.000 * HEL Ratio = 100.000 21 .22 12.166 208.50 1.81 $35,679 $368,521.75
First Lien Loans 740 6.33 12.601 174.49 1.75 $56,060 $10,511,062.17
- -------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 $56,060 $166,110,781.66
=======================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
WA Max. Orig Total
Original # % Rem WA Loan Current
Mortgage Amt. Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
Balance = 5,000 403 .94 13.498 76.75 2.10 $5,000 $1,568,361.31
5,000 * Balance = 10,000 2,150 9.78 13.166 121.81 2.00 $10,000 $16,237,687.87
10,000 * Balance = 15,000 1,914 14.29 12.879 171.82 1.96 $15,000 $23,729,351.68
15,000 * Balance = 20,000 1,423 14.91 12.648 208.51 2.07 $20,000 $24,770,964.32
20,000 * Balance = 25,000 1,440 20.30 13.138 232.20 2.04 $25,000 $33,714,303.05
25,000 * Balance = 30,000 611 10.10 12.558 249.73 1.99 $30,000 $16,781,162.65
30,000 * Balance = 35,000 506 10.09 12.868 259.42 2.12 $35,000 $16,755,363.75
35,000 * Balance = 40,000 319 7.26 12.723 265.57 2.86 $40,000 $12,063,879.94
40,000 * Balance = 45,000 175 4.41 11.955 280.96 2.03 $45,000 $7,330,624.01
45,000 * Balance = 50,000 256 7.61 13.772 268.19 3.13 $50,000 $12,643,728.39
50,000 * Balance = 55,000 9 .28 11.663 244.13 1.99 $53,590 $459,367.57
55,000 * Balance = 60,000 1 .03 13.000 299.00 1.00 $56,060 $55,987.12
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
WA Max. Orig Total
Current # % Rem WA Loan Current
Mortgage Amt. Loan Pool WAC Term Age Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
1,000 * Balance = 2,000 22 .02 14.586 47.20 3.53 $12,000 $38,718.10
2,000 * Balance = 3,000 53 .08 14.471 63.06 1.99 $13,200 $139,217.75
3,000 * Balance = 4,000 140 .30 13.496 72.56 2.17 $9,636 $501,923.54
4,000 * Balance = 5,000 214 .60 13.291 82.03 2.26 $9,612 $994,614.92
5,000 * Balance = 10,000 2,150 9.85 13.159 122.47 2.00 $35,000 $16,358,836.18
10,000 * Balance = 15,000 1,909 14.32 12.875 172.00 1.98 $21,750 $23,789,163.43
15,000 * Balance = 20,000 1,418 14.91 12.642 208.65 2.09 $20,981 $24,770,886.82
20,000 * Balance = 25,000 1,440 20.35 13.139 232.65 2.02 $28,348 $33,806,378.30
25,000 * Balance = 30,000 603 10.00 12.548 250.29 1.99 $31,246 $16,614,326.83
30,000 * Balance = 35,000 500 10.00 12.880 259.41 2.11 $35,135 $16,613,006.81
35,000 * Balance = 40,000 330 7.53 12.628 266.30 2.86 $40,366 $12,513,383.72
40,000 * Balance = 45,000 162 4.10 12.090 280.78 1.97 $45,000 $6,811,242.18
45,000 * Balance = 50,000 256 7.61 13.772 268.19 3.13 $50,000 $12,643,728.39
50,000 * Balance = 55,000 9 .28 11.663 244.13 1.99 $53,590 $459,367.57
55,000 * Balance = 60,000 1 .03 13.000 299.00 1.00 $56,060 $55,987.12
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
GEOGRAPHIC DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE CLTV CLTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK 8 .11 12.219 211.48 1.72 1.00 3.00 78.69 78.53 $8,572 $40,244 $176,685 $22,086
AL 2 .02 13.706 203.29 2.24 2.00 3.00 91.33 91.15 $6,924 $22,000 $28,924 $14,462
AR 235 1.69 11.419 171.98 1.90 .00 7.00 65.34 65.11 $2,863 $49,792 $2,802,164 $11,924
AZ 357 4.31 11.825 238.82 1.83 .00 10.00 84.05 83.91 $2,993 $50,000 $7,153,327 $20,037
CA 1,836 28.12 12.779 256.66 2.52 .00 271.00 86.46 86.27 $1,805 $50,928 $46,706,740 $25,439
CO 145 1.52 13.133 230.34 2.04 .00 8.00 83.47 83.25 $3,500 $50,000 $2,530,708 $17,453
CT 51 .60 14.201 201.80 2.21 .00 6.00 83.69 83.34 $3,500 $47,831 $991,532 $19,442
DC 14 .12 13.759 209.59 2.81 .00 5.00 65.72 65.44 $2,186 $33,750 $205,424 $14,673
DE 12 .08 13.631 162.51 2.35 .00 6.00 77.74 77.26 $2,756 $21,000 $128,582 $10,715
FL 443 5.27 12.627 220.90 2.18 .00 37.00 83.78 83.53 $2,415 $53,145 $8,754,415 $19,762
GA 338 3.73 13.171 208.79 1.92 .00 7.00 81.84 81.64 $2,500 $50,470 $6,194,464 $18,327
HI 1 .02 15.750 295.00 5.00 5.00 5.00 99.96 99.88 $34,972 $34,972 $34,972 $34,972
IA 51 .41 13.557 186.57 2.04 .00 7.00 69.20 68.89 $5,136 $35,000 $676,123 $13,257
ID 53 .67 12.883 242.82 1.86 .00 6.00 72.14 71.98 $5,105 $55,987 $1,115,900 $21,055
IL 740 7.79 13.475 209.05 2.36 .00 9.00 78.97 78.64 $2,446 $52,464 $12,937,131 $17,483
IN 155 1.55 14.302 210.26 1.92 .00 6.00 79.44 79.23 $2,600 $50,000 $2,581,852 $16,657
KS 114 .86 13.094 182.42 1.97 .00 7.00 69.90 69.68 $2,857 $49,409 $1,425,073 $12,501
KY 29 .20 13.744 179.29 2.20 1.00 4.00 77.06 76.81 $1,577 $30,942 $329,567 $11,364
LA 191 1.53 12.382 164.41 2.62 1.00 22.00 65.30 64.94 $1,995 $49,376 $2,546,859 $13,334
MA 55 .59 13.730 209.22 1.88 .00 4.00 84.78 84.50 $5,364 $50,000 $973,383 $17,698
MD 124 .90 13.942 178.85 1.96 .00 8.00 81.68 81.34 $2,500 $38,959 $1,503,078 $12,122
ME 14 .14 13.110 215.86 1.64 .00 3.00 90.40 90.20 $4,000 $25,000 $224,625 $16,045
MI 164 1.33 13.757 194.37 1.60 .00 6.00 79.57 79.27 $1,942 $50,000 $2,210,188 $13,477
MN 107 1.13 13.750 222.58 1.76 .00 6.00 83.41 83.11 $2,745 $50,000 $1,880,243 $17,572
MO 245 2.13 13.967 202.47 2.05 .00 7.00 76.14 75.78 $1,472 $50,000 $3,533,148 $14,421
MS 128 1.09 12.317 177.66 1.91 .00 8.00 67.11 66.95 $3,477 $50,000 $1,811,671 $14,154
MT 12 .09 12.975 193.07 1.65 .00 9.00 56.12 56.05 $5,184 $25,048 $143,074 $11,923
NC 125 1.22 13.114 196.21 1.89 .00 6.00 80.17 79.99 $1,958 $49,629 $2,033,594 $16,269
ND 1 .00 13.000 119.00 1.00 1.00 1.00 60.68 60.68 $7,673 $7,673 $7,673 $7,673
NE 24 .20 13.786 202.66 1.94 .00 5.00 63.62 63.45 $5,195 $30,100 $329,227 $13,718
NH 14 .15 13.725 218.86 2.17 .00 3.00 87.98 87.74 $5,446 $41,888 $252,741 $18,053
NJ 327 3.05 13.325 187.92 2.32 .00 42.00 78.35 77.95 $1,199 $43,062 $5,072,752 $15,513
NM 50 .49 12.056 205.98 2.05 .00 9.00 67.80 67.53 $2,853 $40,619 $813,070 $16,261
NV 325 4.48 11.800 253.77 1.86 .00 8.00 87.05 86.77 $2,718 $50,000 $7,440,490 $22,894
NY 328 4.07 13.535 225.83 2.33 .00 9.00 81.62 81.38 $3,400 $51,290 $6,767,357 $20,632
OH 348 2.66 14.208 181.15 1.93 .00 7.00 77.26 77.00 $1,297 $40,000 $4,420,726 $12,703
OK 160 1.00 12.001 142.50 1.73 .00 9.00 65.49 65.18 $1,498 $35,172 $1,668,120 $10,426
OR 79 .86 13.015 227.01 1.75 .00 6.00 71.64 71.51 $2,250 $49,999 $1,435,734 $18,174
PA 357 2.84 12.749 180.75 1.86 .00 7.00 71.12 70.91 $1,798 $49,000 $4,715,096 $13,208
PR 1 .02 16.000 177.00 3.00 3.00 3.00 92.73 92.40 $35,873 $35,873 $35,873 $35,873
RI 13 .16 13.792 217.51 2.30 1.00 3.00 77.91 77.66 $10,000 $34,967 $261,559 $20,120
SC 63 .71 13.395 202.72 2.17 .00 61.00 80.97 80.86 $5,459 $40,200 $1,184,920 $18,808
SD 6 .04 12.717 192.69 1.70 .00 3.00 67.89 67.52 $6,065 $14,959 $64,968 $10,828
TN 161 1.50 12.770 200.12 1.97 .00 10.00 81.70 81.49 $3,372 $44,591 $2,491,343 $15,474
TX 704 5.84 11.947 167.45 1.97 .00 8.00 69.86 69.59 $2,250 $45,302 $9,693,709 $13,769
UT 61 .82 13.299 245.43 1.73 .00 6.00 80.79 80.66 $5,329 $50,000 $1,363,416 $22,351
VA 85 .74 14.085 180.52 2.34 .00 6.00 86.08 85.82 $3,447 $50,000 $1,231,544 $14,489
WA 214 2.09 13.346 223.41 2.00 .00 9.00 81.26 80.96 $2,379 $50,000 $3,464,823 $16,191
WI 87 .74 13.451 193.88 1.70 .00 4.00 81.40 81.21 $2,000 $40,132 $1,231,730 $14,158
WV 30 .19 14.586 167.31 1.75 .00 7.00 46.37 46.07 $1,865 $24,104 $323,374 $10,779
WY 20 .12 12.751 147.46 1.64 .00 4.00 72.43 72.26 $4,998 $16,722 $207,089 $10,354
- ----------------------------------------------------------------------------------------------------------------------------------
Total.. 9,207 100.00%12.910 219.67 2.18 .00 271.00 80.57 80.33 $1,199 $55,987 $166,110,782 $18,042
==================================================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
PROPERTY-TYPE
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family Detached 9,046 97.46 12.876 219.23 2.17 80.35 $56,060 $161,892,149.54
Man. Housing - Single Wide 3 .03 13.557 142.02 2.86 73.70 $17,500 $42,163.69
Townhouses 13 .11 13.387 211.12 2.33 97.52 $49,999 $177,841.52
Condominiums 54 .86 14.057 257.44 2.11 91.90 $50,000 $1,426,708.80
PUD Detached 2 .03 13.055 204.72 4.08 93.98 $27,035 $51,543.31
PUD Attached 1 .02 13.990 178.00 2.00 75.19 $25,000 $24,963.44
Multi-Family 88 1.50 14.417 229.18 2.31 87.08 $50,000 $2,495,411.36
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 9,158 99.33 12.898 219.79 2.17 80.56 $56,060 $164,992,808.43
Investor 44 .59 14.593 207.17 2.49 81.58 $48,000 $981,676.10
Vacation/Second Home 5 .08 15.401 168.11 3.15 82.84 $36,000 $136,297.13
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
DOCUMENTATION LEVEL
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Full Documentation 9,207 100.00 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN-PURPOSE
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Purpose Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Home Improvement 9,150 99.40 12.911 219.77 2.13 80.58 $56,060 $165,117,789.58
Cashout Refinance 7 .09 13.243 246.98 2.87 85.34 $34,400 $141,357.75
Debt Consolidation 1 .01 12.990 128.00 52.00 91.18 $20,000 $17,330.33
Rate/Term Refinance 49 .50 12.674 196.71 9.12 78.84 $44,000 $834,304.00
- --------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
==============================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
BALLOON LOANS
- ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
BALLOON CODE Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
No 9,201 99.93 12.911 219.79 2.17 80.57 $56,060 $166,001,071.04
Yes 6 .07 11.740 42.08 3.45 80.02 $40,310 $109,710.62
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS
- ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total Total
# % Rem WA Orig Loan Current Original
Lien Status Loan Pool WAC Term Age CLTV Amount Balance Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 740 6.33 12.601 174.49 1.75 33.01 $56,060 $10,511,062.17 $10,592,597.00
2 7,316 82.19 13.011 223.36 2.13 84.61 $53,590 $136,523,370.09 $137,004,919.00
3 1,151 11.48 12.355 218.20 2.70 77.92 $50,000 $19,076,349.40 $19,150,105.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66 $166,747,621.00
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN GRADE
- --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Grade Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 2,881 29.87 11.764 212.56 2.23 76.42 $53,590 $49,620,348.32
A- 3,273 41.52 13.376 234.66 2.24 85.00 $50,928 $68,961,566.40
B+ 2,484 23.75 13.324 206.75 2.00 78.23 $56,060 $39,457,759.95
B 504 4.40 13.933 200.58 2.23 80.79 $48,000 $7,301,485.00
B- 58 .41 14.088 178.90 1.87 71.05 $40,147 $683,575.79
C+ 1 .01 15.990 177.00 3.00 70.18 $15,362 $15,276.16
C 6 .04 14.656 179.34 1.05 60.25 $24,759 $70,770.04
- --------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
==============================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PRODUCT TYPE
- --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Product Type Loan Pool WAC Term Age CLTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FHA Secured 1,649 16.50 13.872 208.03 2.16 86.01 $48,000 $27,410,202.38
H.I. Secured 7,558 83.50 12.720 221.97 2.18 79.50 $56,060 $138,700,579.28
- --------------------------------------------------------------------------------------------------------------
Total..... 9,207 100.00% 12.910 219.67 2.18 80.57 $56,060 $166,110,781.66
==============================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
EXHIBIT 99.2
LEHMAN BROTHERS
DERIVED INFORMATION
$1,275,000,000 CERTIFICATES
THE MONEY STORE HOME EQUITY LOAN TRUST 1997-C
The Money Store, Inc.
as Servicer
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
<TABLE>
<CAPTION>
SECURITIES OFFERED:
GROUP I (FIXED RATE HELS) - TO MATURITY:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(1) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AF-1 63,000,000 15.8 Curve 100.0000 0.50/0.48 1-11 8/98 10/03 Aaa/AAA
Class AF-2 60,400,000 15.1 Curve 100.0000 1.18/1.10 11-19 4/99 5/08 Aaa/AAA
Class AF-3 80,000,000 20.0 2-yr Tsy 100.0000 2.04/1.85 19-32 5/00 8/12 Aaa/AAA
Class AF-4 47,000,000 11.8 3-yr Tsy 100.0000 3.07/2.70 32-44 5/01 8/17 Aaa/AAA
Class AF-5 32,900,000 8.2 4-yr Tsy 100.0000 4.04/3.43 44-55 4/02 6/21 Aaa/AAA
Class AF-6 39,000,000 9.8 Curve 100.0000 5.40/4.38 55-79 4/04 2/25 Aaa/AAA
Class AF-7 37,700,000 9.4 Old 10-yr 100.0000 9.91/6.82 79-193 10/13 1/39 Aaa/AAA
Class AF-8 40,000,000 10.0 Curve 100.0000 6.31/4.93 37-188 5/13 1/39 Aaa/AAA
- -----------------------------------------------------------------------------------------------------------------------------------
(1) PREPAYMENTS ARE 2.4% CPR IN MONTH ONE INCREASING BY 2.4% CPR EACH MONTH TO 24% CPR BY MONTH 10, REMAINING AT
24% CPR SUBSEQUENT TO MONTH 10 ("24% HEP").
</TABLE>
<TABLE>
<CAPTION>
GROUP II (ARMS) - TO MATURITY:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(2) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AV 498,000,000 83.0 LIBOR 100.0000 2.10/1.86 1-76 1/04 4/26 Aaa/AAA
Class MV-1 (3) 45,000,000 7.5 LIBOR 100.0000 7.53/5.87 76-110 11/06 2/27 Aa2/AA
Class MV-2 (3) 30,000,000 5.0 LIBOR 100.0000 11.58/8.01 110-204 9/14 1/29 A2/A
Class BV 27,000,000 4.5 LIBOR 100.0000 6.13/4.71 37-204 9/14 1/29 Baa3/BBB
- -----------------------------------------------------------------------------------------------------------------------------------
(2) PREPAYMENTS ARE 26% CPR.
(3) AUCTION RATE CERTIFICATES.
</TABLE>
<TABLE>
<CAPTION>
GROUP III (HIL) - TO MATURITY:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(1) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AH-1 37,637,000 13.7 Curve 100.0000 0.45/0.43 1-10 7/98 3/03 AAA/AAA
Class AH-2 46,765,000 17.0 Curve 100.0000 1.15/1.07 10-19 4/99 3/07 AAA /AAA
Class AH-3 36,005,000 13.1 2-yr Tsy 100.0000 2.00/1.82 19-30 3/00 1/10 AAA /AAA
Class AH-4 37,865,000 13.8 3-yr Tsy 100.0000 3.00/2.64 30-44 5/01 3/12 AAA/AAA
Class AH-5 53,809,000 19.6 5-yr Tsy 100.0000 5.00/4.10 44-82 7/04 2/15 AAA /AAA
Class AH-6 11,329,000 4.1 Curve 100.0000 7.25/5.54 82-94 7/05 8/15 AAA /AAA
Class MH-1 24,910,000 9.1 Old 10-yr 100.0000 9.44/6.69 94-141 6/09 9/18 AA/AA
Class MH-2 14,975,000 5.4 Old 10-yr 100.0000 14.29/8.48 141-221 2/16 2/24 A/A
Class BH 11,705,000 4.3 Curve 100.0000 7.70/5.46 45-221 2/16 2/24 BBB/BBB
- -----------------------------------------------------------------------------------------------------------------------------------
(4) PREPAYMENTS ARE 1.7% CPR IN MONTH ONE INCREASING BY 1.7% CPR EACH MONTH TO 17% CPR BY MONTH 10, REMAINING AT 17% CPR
SUBSEQUENT TO MONTH 10 ("17% HEP").
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
<TABLE>
<CAPTION>
SECURITIES OFFERED:
GROUP I (FIXED RATE HELS) - TO 10% CALL:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(1) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AF-6 39,000,000 9.8 Curve 100.0000 5.40/4.38 55-79 4/04 2/25 Aaa/AAA
Class AF-7 37,700,000 9.4 Old 10-yr 100.0000 8.25/6.05 79-104 5/06 2/39 Aaa/AAA
Class AF-8 40,000,000 10.0 Curve 100.0000 6.25/4.90 37-104 5/06 2/29 Aaa/AAA
- -----------------------------------------------------------------------------------------------------------------------------------
(1) PREPAYMENTS ARE 2.4% CPR IN MONTH ONE INCREASING BY 2.4% CPR EACH MONTH TO 24% CPR BY MONTH 10, REMAINING AT 24%
CPR SUBSEQUENT TO MONTH 10 ("24% HEP").
</TABLE>
<TABLE>
<CAPTION>
GROUP II (ARMS) - TO 10% CALL:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(1) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class MV-1 (3) 45,000,000 7.5 LIBOR 100.0000 7.50/5.86 76-104 5/06 2/27 Aa2/AA
Class MV-2 (3) 30,000,000 5.0 LIBOR 100.0000 8.62/6.51 104-104 5/06 2/29 A2/A
Class BV 27,000,000 4.5 LIBOR 100.0000 5.69/4.50 37-104 5/06 2/29 Baa3/BBB
- -----------------------------------------------------------------------------------------------------------------------------------
(2) PREPAYMENTS ARE 26% CPR.
(3) AUCTION RATE CERTIFICATES
</TABLE>
<TABLE>
<CAPTION>
GROUP III (HILS) - TO 10% CALL:
- -----------------------------------------------------------------------------------------------------------------------------------
Approx. Estimated Prin. Pmt. Expected Stated Expected
Approx. % of Expected WAL/MDUR Window Final Final Ratings
Certificates(1) Size($) Total Benchmark Price (%) (yrs) (months) Maturity Maturity Mdy/S&P
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AH-6 11,329,000 4.1 Curve 100.000% 7.25/5.54 82-94 7/05 8/15 AAA /AAA
Class MH-1 24,910,000 9.1 Old 10-yr 100.000% 8.49/6.21 94-104 5/06 9/18 AA/AA
Class MH-2 14,975,000 5.4 Old 10-yr 100.000% 8.62/6.16 104-104 5/06 2/24 A/A
Class BH 1,705,000 4.3 Curve 100.000% 6.65/5.01 45-104 5/06 2/24 BBB/BBB
- -----------------------------------------------------------------------------------------------------------------------------------
(4) PREPAYMENTS ARE 1.7% CPR IN MONTH ONE INCREASING BY 1.7% CPR EACH MONTH TO 17% CPR BY MONTH 10, REMAINING AT 17% CPR
SUBSEQUENT TO MONTH 10 ("17% HEP").
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
<TABLE>
<CAPTION>
GROUP I LOANS - TO MATURITY
%HEP 18.0% 20.0% 22.0% 24.0% 26.0% 28.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AF-1
Avg. Life (yrs) 0.58 0.55 0.53 0.50 0.48 0.46 0.43
Mod Duration (yrs) 0.56 0.53 0.50 0.48 0.46 0.44 0.41
Window (begin) (mths) 1 1 1 1 1 1 1
Window (end) (mths) 13 12 11 11 10 10 9
Expected Final Maturity 10/15/98 9/15/98 8/15/98 8/15/98 7/15/98 7/15/98 6/15/98
Yield @ 99.98369% 6.034 6.011 5.988 5.968 5.947 5.929 5.892
CLASS AF-2
Avg. Life (yrs) 1.45 1.34 1.26 1.18 1.11 1.06 0.97
Mod Duration (yrs) 1.34 1.25 1.17 1.10 1.04 0.99 0.91
Window (begin) (mths) 13 12 11 11 10 10 9
Window (end) (mths) 23 22 20 19 18 17 15
Expected Final Maturity 8/15/99 7/15/99 5/15/99 4/15/99 3/15/99 2/15/99 12/15/98
Yield @ 99.93487% 6.270 6.259 6.250 6.240 6.231 6.222 6.205
CLASS AF-3
Avg. Life (yrs) 2.60 2.38 2.19 2.04 1.90 1.79 1.59
Mod Duration (yrs) 2.32 2.14 1.98 1.85 1.74 1.64 1.47
Window (begin) (mths) 23 22 20 19 18 17 15
Window (end) (mths) 41 38 34 32 30 28 25
Expected Final Maturity 2/15/01 11/15/00 7/15/00 5/15/00 3/15/00 1/15/00 10/15/00
Yield @ 99.92098% 6.357 6.351 6.345 6.339 6.333 6.327 6.315
CLASS AF-4
Avg. Life (yrs) 4.04 3.66 3.34 3.07 2.84 2.65 2.33
Mod Duration (yrs) 3.45 3.16 2.91 2.70 2.52 2.36 2.10
Window (begin) (mths) 41 38 34 32 30 28 25
Window (end) (mths) 57 52 47 44 40 37 33
Expected Final Maturity 6/15/02 1/15/02 8/15/01 5/15/01 1/15/01 10/15/00 6/15/00
Yield @ 99.99161% 6.421 6.415 6.409 6.402 6.396 6.389 6.377
CLASS AF-5
Avg. Life (yrs) 5.37 4.84 4.41 4.04 3.72 3.44 2.98
Mod Duration (yrs) 4.38 4.01 3.70 3.43 3.19 2.98 2.62
Window (begin) (mths) 57 52 47 44 40 37 33
Window (end) (mths) 74 66 60 55 51 47 40
Expected Final Maturity 11/15/03 3/15/03 9/15/02 4/15/02 12/15/01 8/15/01 1/15/01
Yield @ 99.81561% 6.655 6.653 6.652 6.650 6.648 6.647 6.643
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
<TABLE>
<CAPTION>
GROUP I LOANS - TO MATURITY
%HEP 18.0% 20.0% 22.0% 24.0% 26.0% 28.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AF-6
Avg. Life (yrs) 7.70 6.78 5.99 5.40 4.94 4.54 3.90
Mod Duration (yrs) 5.80 5.25 4.76 4.38 4.06 3.78 3.32
Window (begin) (mths) 74 66 60 55 51 47 40
Window (end) (mths) 117 106 94 79 72 65 56
Expected Final Maturity 6/15/07 7/15/06 7/15/05 4/15/04 9/15/03 2/15/03 5/15/02
Yield @ 99.75320% 6.792 6.792 6.791 6.791 6.791 6.790 6.790
CLASS AF-7
Avg. Life (yrs) 12.86 11.81 10.86 9.91 9.01 8.18 6.71
Mod Duration (yrs) 8.11 7.69 7.27 6.82 6.36 5.92 5.09
Window (begin) (mths) 117 106 94 79 72 65 56
Window (end) (mths) 246 227 209 193 180 170 151
Expected Final Maturity 3/15/18 8/15/16 2/15/15 10/15/13 9/15/12 11/15/11 4/15/10
Yield @ 99.96020% 7.095 7.093 7.091 7.089 7.087 7.084 7.078
CLASS AF-8
Avg. Life (yrs) 6.78 6.61 6.45 6.31 6.19 6.07 5.87
Mod Duration (yrs) 5.21 5.11 5.02 4.93 4.85 4.78 4.65
Window (begin) (mths) 37 37 37 37 37 37 37
Window (end) (mths) 238 220 204 188 176 167 148
Expected Final Maturity 7/15/17 1/15/16 9/15/14 5/15/13 5/15/12 8/15/11 1/15/10
Yield @ 100.00000% 6.678 6.677 6.676 6.675 6.674 6.674 6.672
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
<TABLE>
<CAPTION>
GROUP I LOANS - TO 10% CALL
%HEP 18.0% 20.0% 22.0% 24.0% 26.0% 28.0% 32.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AF-6
Avg. Life (yrs) 7.68 6.78 5.99 5.40 4.94 4.54 3.90
Mod Duration (yrs) 5.79 5.25 4.76 4.38 4.06 3.78 3.32
Window (begin) (mths) 74 66 60 55 51 47 40
Window (end) (mths) 112 106 94 79 72 65 56
Expected Final Maturity 1/15/07 7/15/06 7/15/05 4/15/04 9/15/03 2/15/03 5/15/02
Yield @ 99.75320% 6.792 6.792 6.791 6.791 6.791 6.790 6.790
CLASS AF-7
Avg. Life (yrs) 9.29 9.03 8.69 8.25 7.75 7.22 6.21
Mod Duration (yrs) 6.60 6.47 6.29 6.05 5.76 5.45 4.83
Window (begin) (mths) 112 106 94 79 72 65 56
Window (end) (mths) 112 109 106 104 102 100 97
Expected Final Maturity 1/115/07 10/15/06 7/15/06 5/15/06 3/15/06 1/15/06 10/15/05
Yield @ 99.96020% 7.088 7.087 7.086 7.085 7.083 7.081 7.075
CLASS AF-8
Avg. Life (yrs) 6.68 6.53 6.38 6.25 6.13 6.02 5.82
Mod Duration (yrs) 5.17 5.07 4.98 4.90 4.83 4.76 4.63
Window (begin) (mths) 37 37 37 37 37 37 37
Window (end) (mths) 112 109 106 104 102 100 97
Expected Final Maturity 1/15/07 10/15/06 7/15/06 5/15/06 3/15/06 1/15/06 10/15/05
Yield @ 100.00000% 6.678 6.677 6.676 6.675 6.674 6.673 6.672
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
<TABLE>
<CAPTION>
GROUP II LOANS - TO MATURITY
%CPR 13.0% 20.0% 26.0% 33.0% 39.0% 45.0% 50.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AV-1
Avg. Life (yrs) 4.39 2.82 2.10 1.58 1.28 1.06 0.93
Window (begin) (mths) 1 1 1 1 1 1 1
Window (end) (mths) 158 103 76 57 45 34 30
Expected Final Maturity 11/15/10 4/15/06 1/15/04 6/15/02 6/15/01 7/15/00 3/15/00
CLASS MV-1
Avg. Life (yrs) 15.41 10.10 7.53 5.60 4.44 3.48 2.83
Window (begin) (mths) 158 103 76 57 45 34 30
Window (end) (mths) 220 147 110 82 66 53 43
Expected Final Maturity 1/15/16 12/15/09 11/15/06 7/15/04 3/15/03 2/15/02 4/15/01
CLASS MV-2
Avg. Life (yrs) 21.95 15.31 11.58 8.73 7.02 5.68 4.71
Window (begin) (mths) 220 147 110 82 66 53 43
Window (end) (mths) 333 262 204 157 128 107 92
Expected Final Maturity 6/15/25 7/15/19 9/15/14 10/15/10 5/15/08 8/15/06 5/15/06
CLASS BV
Avg. Life (yrs) 11.08 7.31 6.13 5.38 4.94 4.62 4.40
Window (begin) (mths) 60 39 37 37 38 38 39
Window (end) (mths) 333 262 204 157 128 107 92
Expected Final Maturity 6/15/25 7/151/19 9/15/14 10/15/10 5/15/08 8/15/06 5/15/05
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
<TABLE>
<CAPTION>
GROUP II LOANS - TO 10% CALL
%CPR 13.0% 20.0% 26.0% 33.0% 39.0% 45.0% 50.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS MV-1
Avg. Life (yrs) 12.38 9.45 7.50 5.60 4.44 3.48 2.83
Window (begin) (mths) 149 103 76 57 45 34 30
Window (end) (mths) 149 117 104 82 66 53 43
Expected Final Maturity 2/15/10 6/15/07 5/15/06 7/15/04 3/15/03 2/15/02 4/15/01
CLASS MV-2
Avg. Life (yrs) 12.38 9.71 8.62 7.66 6.65 5.61 4.71
Window (begin) (mths) 149 117 104 82 66 53 43
Window (end) (mths) 149 117 104 95 90 88 86
Expected Final Maturity 2/15/10 6/15/07 5/15/06 8/15/05 3/15/05 1/15/05 11/15/04
CLASS BV
Avg. Life (yrs) 9.43 6.55 5.69 5.16 4.83 4.58 4.40
Window (begin) (mths) 60 39 37 37 38 38 39
Window (end) (mths) 149 117 104 95 90 88 86
Expected Final Maturity 2/15/10 6/15/07 5/15/06 8/15/05 3/15/05 1/15/05 11/15/04
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
GROUP III LOANS - TO MATURITY
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
% HEP 10.0% 12.0% 14.0% 17.0% 20.0% 25.0% 30.0%
CLASS AH-1
Avg. Life (yrs) 0.54 0.51 0.48 0.45 0.42 0.39 0.36
Mod Duration (yrs) 0.51 0.48 0.46 0.43 0.40 0.37 0.34
Window (begin) (mths) 1 1 1 1 1 1 1
Window (end) (mths) 12 11 11 10 9 8 8
Expected Final Maturity 9/15/98 8/15/98 8/15/98 7/15/98 6/15/98 5/15/98 5/15/98
Yield @ 100.00% 6.067 6.038 6.011 5.973 5.936 5.878 5.827
CLASS AH-2
Avg. Life (yrs) 1.57 1.41 1.28 1.15 1.06 0.94 0.85
Mod Duration (yrs) 1.45 1.30 1.19 1.07 0.99 0.88 0.80
Window (begin) (mths) 12 11 11 10 9 8 8
Window (end) (mths) 29 25 22 19 17 15 14
Expected Final Maturity 2/15/00 10/15/99 7/15/99 4/15/99 2/15/99 12/15/98 11/15/98
Yield @ 100.00% 6.294 6.275 6.258 6.235 6.215 6.185 6.156
CLASS AH-3
Avg. Life (yrs) 3.02 2.63 2.33 2.00 1.75 1.48 1.3
Mod Duration (yrs) 2.66 2.34 2.10 1.82 1.61 1.37 1.21
Window (begin) (mths) 29 25 22 19 17 15 14
Window (end) (mths) 45 40 35 30 26 22 19
Expected Final Maturity 6/15/01 1/15/01 8/15/00 3/15/00 11/15/99 7/15/99 4/15/99
Yield @ 100.00% 6.372 6.360 6.348 6.329 6.311 6.284 6.261
CLASS AH-4
Avg. Life (yrs) 4.57 3.98 3.52 3.00 2.61 2.15 1.83
Mod Duration (yrs) 3.83 3.40 3.05 2.64 2.33 1.94 1.67
Window (begin) (mths) 45 40 35 30 26 22 19
Window (end) (mths) 66 58 51 44 38 31 26
Expected Final Maturity 3/15/03 7/15/02 12/15/01 5/15/01 11/15/00 4/15/00 11/15/99
Yield @ 100.00% 6.442 6.433 6.425 6.412 6.399 6.378 6.357
CLASS AH-5
Avg. Life (yrs) 7.46 6.57 5.86 5.00 4.34 3.48 2.84
Mod Duration (yrs) 5.67 5.14 4.68 4.10 3.64 3.00 2.50
Window (begin) (mths) 66 58 51 44 38 31 26
Window (end) (mths) 120 105 95 82 71 57 47
Expected Final Maturity 9/15/07 6/15/06 8/15/05 7/15/04 8/15/03 6/15/02 8/15/01
Yield @ 100.00% 6.667 6.662 6.657 6.649 6.641 6.626 6.609
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
GROUP III LOANS - TO MATURITY
<TABLE>
<CAPTION>
HEP 10.0% 12.0% 14.0% 17.0% 20.0% 25.0% 30.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AH-6
Avg. Life (yrs) 10.63 9.41 8.41 7.25 6.33 5.11 4.19
Mod Duration (yrs) 7.33 6.73 6.20 5.54 4.98 4.18 3.53
Window (begin) (mths) 120 105 95 82 71 57 47
Window (end) (mths) 137 122 109 94 82 67 55
Expected Final Maturity 2/15/09 11/15/07 10/15/06 7/15/05 7/15/04 4/15/03 4/15/02
Yield @ 100.00% 6.851 6.848 6.844 6.839 6.834 6.824 6.812
CLASS MH-1
Avg. Life (yrs) 13.26 12.04 10.91 9.44 8.27 6.73 5.56
Mod Duration (yrs) 8.38 7.89 7.39 6.69 6.08 5.19 4.45
Window (begin) (mths) 137 122 109 94 82 67 55
Window (end) (mths) 187 173 160 141 124 101 84
Expected Final Maturity 4/15/13 2/15/12 1/15/11 6/15/09 1/15/08 2/15/06 9/15/04
Yield @ 100.00% 6.989 6.986 6.984 6.980 6.976 6.969 6.960
CLASS MH-2
Avg. Life (yrs) 17.73 16.73 15.75 14.29 12.88 10.75 9.02
Mod Duration (yrs) 9.52 9.25 8.96 8.48 7.97 7.11 6.31
Window (begin) (mths) 187 173 160 141 124 101 84
Window (end) (mths) 268 253 237 221 210 184 160
Expected Final Maturity 1/15/20 10/15/18 6/15/17 2/15/16 3/15/15 1/15/13 1/15/11
Yield @ 100.00% 7.485 7.484 7.483 7.481 7.479 7.475 7.470
CLASS BH
Avg. Life (yrs) 10.69 9.69 8.78 7.70 6.76 6.03 5.62
Mod Duration (yrs) 6.91 6.45 6.01 5.46 4.95 4.55 4.34
Window (begin) (mths) 67 59 52 45 39 38 39
Window (end) (mths) 268 253 237 221 210 184 160
Expected Final Maturity 1/15/20 10/15/18 6/15/17 2/15/16 3/15/15 1/15/13 1/15/11
Yield @ 100.00% 7.443 7.440 7.436 7.432 7.426 7.421 7.418
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
GROUP III LOANS - TO 10% CALL
<TABLE>
<CAPTION>
%HEP 10.0% 12.0% 14.0% 17.0% 20.0% 25.0% 30.0%
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS AH-6
Avg. Life (yrs) 9.79 9.22 8.41 7.25 6.33 5.11 4.19
Mod Duration (yrs) 6.93 6.63 6.20 5.54 4.98 4.18 3.53
Window (begin) (mths) 118 105 95 82 71 57 47
Window (end) (mths) 118 113 109 94 82 67 55
Expected Final Maturity 7/15/07 2/15/07 10/15/06 7/15/05 7/15/04 4/15/03 4/1502
Yield @ 100.00% 6.849 6.847 6.844 6.839 6.834 6.824 6.812
CLASS MH-1
Avg. Life (yrs) 9.79 9.38 9.04 8.49 7.86 6.70 5.56
Mod Duration (yrs) 6.88 6.67 6.50 6.21 5.86 5.18 4.45
Window (begin) (mths) 118 113 109 94 82 67 55
Window (end) (mths) 118 113 109 104 100 95 84
Expected Final Maturity 7/15/07 2/15/07 10/15/06 5/15/06 1/15/06 8/15/05 9/15/04
Yield @ 100.00% 6.982 6.980 6.979 6.977 6.975 6.969 6.960
CLASS MH-2
Avg. Life (yrs) 9.79 9.38 9.04 8.62 8.29 7.88 7.54
Mod Duration (yrs) 6.73 6.53 6.36 6.16 5.98 5.76 5.58
Window (begin) (mths) 118 113 109 104 100 95 84
Window (end) (mths) 118 113 109 104 100 95 92
Expected Final Maturity 7/15/07 2/15/07 10/15/06 5/15/06 1/15/06 8/15/05 5/15/05
Yield @ 100.00% 7.472 7.471 7.470 7.468 7.467 7.465 7.464
CLASS BH
Avg. Life (yrs) 8.62 7.97 7.37 6.65 6.00 5.22 5.29
Mod Duration (yrs) 6.12 5.77 5.43 5.01 4.61 4.32 4.18
Window (begin) (mths) 67 59 52 45 39 38 39
Window (end) (mths) 118 113 109 104 100 95 92
Expected Final Maturity 7/15/07 2/15/07 10/15/06 5/15/06 1/15/06 8/15/05 5/15/05
Yield @ 100.00% 7.437 7.435 7.431 7.427 7.422 7.418 7.416
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
GROUP I - COLLATERAL SUMMARY
Collateral statistics for the Initial Group I Loans are listed below as of the
CUT-OFF DATE.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Initial Fixed Rate Home Equity Loans
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Total No. of Loans 6,302 Loan Purpose
Rate/Term Refinance 59.14%
Total Current Balance $244,556,140.28 Debt Consolidation 26.61%
Cash Out 12.32%
Avg. Current Balance $38,806.12 Purchase 1.86%
Other 0.07%
Balloon/Level Pay 1.71% / 98.29%
Geographic Distribution *
WA Coupon 11.61% CA - 7.07%
NY - 6.51%
WA Original Term 254 PA - 5.54%
WA - 5.18%
Original Term
Ranges
1 - 60 1.41% Delinquency
61 - 120 9.58% Current 99.94%
121 - 180 34.91% 30 - 59 days 0.06%
181 - 240 10.49%
241 - 300 6.74% WA FICO 617
301 - 360 35.55%
361+ 1.32%
WA Remaining 254
Term
WA CLTV 74.71%
Second Mortgage Ratio 33.79%
Lien Position
1 67.74%
2 32.26%
Property Type
Single Family Detached 80.58%
Manufactured Housing 13.86%
2 - 4 Family 4.09%
PUD/Condo/Townhouse 1.40%
Multi-Family 0.07%
Occupancy Status
Primary Home 96.82%
Second Home 0.53%
Investment 2.65%
- ------------------------------------------------------------------------------
* Other states account individually for less than 5% of the principal balance.
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
GROUP II - COLLATERAL SUMMARY
Collateral statistics for the Initial Group II Loans are listed below as of the
CUT-OFF DATE.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Initial Adjustable Rate Loans
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Total No. of Loans 5,027 Occupancy Status
Primary Home 96.53%
Total Current Balance $420,597,577.06 Second Home 0.40%
Investment 3.07%
Avg. Current Balance $83,667.71
Loan Purpose
Balloon / Level Pay 0.13% / 99.87% Rate/Term Refinance 75.44%
Purchase 15.94%
WA Coupon 10.18% Debt Consolidation 4.56%
Cash Out 4.06%
WA Margin 6.07%
Geographic Distribution *
WA Periodic Cap 1.13% IL - 7.88%
MI - 7.09%
WA Life Cap 16.31% WA - 6.20%
CA - 5.97%
WA Floor 10.16% OH - 5.70%
WA Original Term 360 Delinquency
Current 99.88%
Original Term Ranges 30 - 59 days 0.12%
121 - 180 0.17%
241 - 300 0.05% WAFICO 602
301 - 360 99.78%
WA Remaining Term 359
WA CLTV 76.79%
Lien Position
1 100.00%
Property Type
Single Family Detached 86.27%
2 - 4 Family 5.86%
Manufactured Housing 4.05%
PUD/Condo/Townhouse 3.69%
Multi-Family 0.13%
- -------------------------
* Other states account individually for less than 5% of the principal balance.
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
GROUP II - COLLATERAL SUMMARY (CONTINUED)
<TABLE>
<CAPTION>
Loan Type % by Principal Wtd. Avg. Wtd. Avg. 1st Periodic Periodic Cap Wtd. Avg.
Balance Loan Rate Margin Cap (Subs. Reset) Life Cap
<S> <C> <C> <C> <C> <C> <C>
6 mo LIBOR 30.23% 9.41% 5.75% 1.20% 1.16% 15.51%
1 Yr CMT 4.99% 9.62% 6.02% 2.04% 2.00% 15.66%
1 mo LIBOR (3-3-1)* 0.06% 9.53% 5.81% 1.00% 2.00% 15.63%
12 mo LIBOR 0.67% 9.71% 5.79% 2.04% 2.00% 15.82%
2 Yr Fix, 6 mo LIBOR 29.93% 10.53% 6.22% 2.93% 1.08% 16.85%
3 Yr Fix, 6 mo LIBOR 2.75% 10.65% 6.14% 3.21% 1.01% 16.71%
4 Yr Fix, 6 mo LIBOR 31.37% 10.64% 6.26% 3.00% 1.00% 16.64%
* All adjustments on 3-3-1 loans are limited to 2.00% per annum.
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
GROUP III - COLLATERAL SUMMARY
Collateral statistics for the Initial Group III Loans are listed below as of the
CUT-OFF DATE.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Initial Home Improvement Loans
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Total No. of Loans 9,207 Geographic Distribution *
CA - 28.12%
Total Current Balance $166,110,781.66 IL - 7.79%
TX - 5.84%
Avg. Current Balance $18,041.79 FL - 5.27%
Balloon / Level Pay 0.07% / 99.93% Product Type
Secured HI 83.50%
WA Coupon 12.91% Secured FHA 16.50%
WA Original Term 222 Delinquency
Current 99.61%
Original Term Ranges 30 - 59 days 0.39%
1 - 60 2.22%
61 - 120 13.58% WAFICO 633
121 - 180 23.12%
181 - 240 32.07%
241 - 300 29.00%
WA Remaining Term 221
WA CLTV 80.57%
Junior Mortgage Ratio 23.76%
Lien Position
1 6.33%
2 82.19%
3 11.48%
Property Type
Single Family Detached 96.66%
1.01%
PUD/Condo/Townhouse
2 - 4 Family 0.71%
Other 1.61%
Occupancy Status
Primary Home 99.33%
Second Home 0.08%
Investment 0.59%
- -----------------------
* Other states account individually for less than 5% of the principal balance.
</TABLE>
_______________________________________________________________________________
This information does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
<PAGE>
The Money Store Home Equity Loan Trust 1997-C
Lehman Brothers
3 World Financial Center T: (212) 526-7000
200 Vesey Street F: (212) 528-6049
New York, NY 10285 (212) 526-8579
Name/Title Office E-mail/Pager Home
Asset Backed Securities
Martin P. Harding (212) 526-0017 (212) 945-1473
Managing Director (212) 528-6049 (fax) 350 Albany St. Apt. 6J
(212) 526-8579 (fax) New York, NY 10280
+*Samir A. Tabet
Senior Vice President (212) 526-7512 (516) 484-2454
(212) 528-6049 (fax) 8 Morley Court
(212) 526-8579 (fax) North Hills, NY 11507
+*Matt Lewis (212) 526-7447 (718) 499-8624
Vice President (212) 528-6049 (fax) (718)499-4169(fax)
(212) 526-8579 (fax) 482 11 Street
Brooklyn, NY 11215
+*Aadit Seshasayee (212) 526-9262 (212) 987-9105
Associate (212) 528-6049 (fax) E. 94 St., Apt. 9A
(212) 526-8579 (fax) New York, NY 10128
Ji Yeong Chu (212) 526-6414 Ji_Yeong_Chu (201) 941-7425
Analyst (212) 528-6049 (fax) @usccmail. 59 West Edsall Avenue
(212) 526-8579 (fax) lehman.com Palisades Park, NJ 07650
Structuring
James Chen (212) 526-6085 (212) 682-5251
Associate (212) 528-6049 (fax) 305 East 40 St., Apt.10W
(212) 526-8579 (fax) New York, NY 10016
Contract Finance
Kieran Brady (212) 526-3494 (908) 946-8448
Mortgage Analyst (212) 528-6521 (fax) 29 Goldsmith Drive
(212) 526-0415 (modem) Holmdel, NJ 07733
Legal
* Christopher Epes (212) 526-4058 (212) 489-0580
Vice President (212) 526-3721 (fax) 30 W. 63 St., Apt. 11T
New York, NY 10023
ABS Trading
Gordon Sweely (212) 526-6870 (908) 219-0374
Senior Vice President (212) 528-9644 (fax) 2 Laurel Lane
Rumson, NJ 07760
Hahn Kang (212) 526-6870 [email protected] (609) 987-8853
Vice President (212) 528-9644 (fax) 21 Aldgate Court
Princeton, NJ 08540
Syndicate
Victor Forte (212) 526-9664 (212) 570-9798
Senior Vice President (212) 528-6395 (fax) 401 E. 80 St., Apt. 9E
New York, NY 10021
ABS Research
Arthur Chu (212) 526-8311 (212) 366-4695
Associate (212) 528-9510 (fax) 41 Carmine St., Apt. 1
New York, NY 10014
LEHMAN BROTHERS + Primary contact
* To receive drafts of documents
** To receive drafts of prospectus supplement only
EXHIBIT 99.3
Salomon Brothers Inc
THE MONEY STORE 1997-C
Settlement Date 9/30/97
First Payment Date 10/15/97
FIXED
18% HEP 24% HEP 30% HEP
Class AF1
Average Life 0.59 years 0.50 years 0.45 years
First Payment 10/97 10/97 10/97
Last Payment 10/98 8/98 7/98
Class AF2
Average Life 1.45 years 1.18 years 1.01 years
First Payment 10/98 8/98 7/98
Last Payment 8/99 4/99 1/99
Class AF3
Average Life 2.60 years 2.04 years 1.68 years
First Payment 8/99 4/99 1/99
Last Payment 2/01 5/00 11/99
Class AF4
Average Life 4.04 years 3.07 years 2.48 years
First Payment 2/01 5/00 11/99
Last Payment 6/02 5/01 8/00
Class AF5
Average Life 5.37 years 4.04 years 3.19 years
First Payment 6/02 5/01 8/00
Last Payment 11/03 4/02 4/01
Class AF6
Average Life 7.70 years 5.40 years 4.20 years
First Payment 11/03 4/02 4/01
Last Payment 6/07 4/04 9/02
Class AF7
Average Life 12.86 years 9.91 years 7.41 years
First Payment 6/07 4/04 9/02
Last Payment 3/18 10/13 1/11
This page must be accompanied by the disclaimer on the cover page of
these materials.
If you did not receive such a disclaimer please contact your Salomon
Brothers Financial Advisor immediately.
FIXED
18% HEP 24% HEP 30% HEP
Class AF8
Average Life 6.78 years 6.31 years 5.97 years
First Payment 10/00 10/00 10/00
Last Payment 11/17 8/13 11/10
FLOATING
20% CPR 26% CPR 33% CPR
Class AV
Average Life 2.83 years 2.10 years 1.58 years
First Payment 10/97 10/97 10/97
Last Payment 4/06 1/04 6/02
This page must be accompanied by the disclaimer on the cover page of
these materials.
If you did not receive such a disclaimer please contact your Salomon
Brothers Financial Advisor immediately.
<PAGE>
Salomon Brothers Inc
==================================================
Collateral Summary Report- Initial Fixed Rate Pool
==================================================
Average Maximum Minimum
Current Balance 38,806.12 341,480.00 2,404.08
Average Maximum Minimum
Current Interest Rate 11.612 16.5 5
Average Maximum Minimum
Original Term 254.41 480 36
Remaining Term 253.99 480 35
Average Maximum Minimum
CLTV 74.71 100 3.94
This page must be accompanied by the disclaimer on the cover page of
these materials. If you did not receive such a disclaimer please contact your
Salomon Brothers Financial Advisor immediately.
Top 5 States
CA 7.07%
NY 6.51%
PA 5.54%
WA 5.18%
IL 4.87%
Balloons/Non-Balloons
Balloons 1.71%
Non-Balloons 98.29%
Lien Holder
First Lien 67.74%
Second Lien 32.26%
Owner Occupancy
Primary 96.82%
Investor 2.65%
Secondary 0.53%
This page must be accompanied by the disclaimer on the cover page of
these materials. If you did not receive such a disclaimer please contact your
Salomon Brothers Financial Advisor immediately.
EXHIBIT 99.4
ABS NEW TRANSACTION
COMPUTATIONAL MATERIALS
$1,300,000,000
THE MONEY STORE TRUST,
SERIES 1997-C
THE MONEY STORE INC.
REPRESENTATIVE & SERVICER
THE BANK OF NEW YORK
TRUSTEE
FIXED RATE CERTIFICATES
$63,000,000 CLASS AF-1 CERTIFICATES
$60,400,000 CLASS AF-2 CERTIFICATES
$80,000,000 CLASS AF-3 CERTIFICATES
$47,000,000 CLASS AF-4 CERTIFICATES
$32,900,000 CLASS AF-5 CERTIFICATES
$39,000,000 CLASS AF-6 CERTIFICATES
$37,700,000 CLASS AF-7 CERTIFICATES
$40,000,000 CLASS AF-8 CERTIFICATES
ADJUSTABLE RATE CERTIFICATES
$498,000,000 CLASS AV CERTIFICATES
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
The attached tables and other statistical analyses (the "Computational
Materials") are privileged and confidential and are intended for use by the
addressee only. These Computational Materials are furnished to you solely by
Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") and not by
the issuer of the securities or any of its affiliates. The issuer of these
securities has not prepared or taken part in the preparation of these materials.
Neither Merrill Lynch, the issuer of the securities nor any of its affiliates
makes any representation as to the accuracy or completeness of the information
herein. The information herein is preliminary, and will be superseded by the
applicable Prospectus Supplement and by any other information subsequently filed
with the Securities and Exchange Commission. The information herein may not be
provided by the addressees to any third party other than the addressee's legal,
tax, financial and/or accounting advisors for the purposes of evaluating said
material.
Numerous assumptions were used in preparing the Computational Materials which
may or may not be stated therein. As such, no assurance can be given as to the
accuracy, appropriateness or completeness of the Computational Materials in any
particular context; or as to whether the Computational Materials and/or the
assumptions upon which they are based reflect present market conditions or
future market performance. These Computational Materials should not be construed
as either projections or predictions or as legal, tax, financial or accounting
advice.
Any yields or weighted average lives shown in the Computational Materials are
based on prepayment assumptions and actual prepayment experience may
dramatically affect such yields or weighted average lives. In addition, it is
possible that prepayments on the underlying assets will occur at rates slower or
faster than the rates assumed in the attached Computational Materials.
Furthermore, unless otherwise provided, the Computational Materials assume no
losses on the underlying assets and no interest shortfall. The specific
characteristics of the securities may differ from those shown in the
Computational Materials due to differences between the actual underlying assets
and the hypothetical assets used in preparing the Computational Materials. The
principal amount and designation of any security described in the Computational
Materials are subject to change prior to issuance.
Although a registration statement (including the prospectus) relating to the
securities discussed in this communication has been filed with the Securities
and Exchange Commission and is effective, the final prospectus supplement
relating to the securities discussed in this communication has not been filed
with the Securities and Exchange Commission. This communication shall not
constitute an offer to sell or the solicitation of any offer to buy nor shall
there be any sale of the securities discussed in this communication in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Prospective purchasers are referred to the final prospectus and prospectus
supplement relating to the securities discussed in this communication for
definitive Computational Materials on any matter discussed in this
communication. A final prospectus and prospectus supplement may be obtained by
contacting the Merrill Lynch Trading Desk at (212) 449-3659.
Please be advised that asset-backed securities may not be appropriate for all
investors. Potential investors must be willing to assume, among other things,
market price volatility, prepayments, yield curve and interest rate risk.
Investors should fully consider the risk of an investment in these securities.
If you have received this communication in error, please notify the sending
party immediately by telephone and return the original to such party by mail.
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
<TABLE>
<CAPTION>
TO MATURITY:
Bond Ratings
CLASS AMOUNT (MDY'S/S&P) WAL BEG. AMORT. END AMORT. LEGAL FINAL
- ------------------------------------------------------------------------------------------------------------------
POOL I (FRMS)
<S> <C> <C> <C> <C> <C> <C>
AF-1 $63,000,000 Aaa/AAA 0.50 1 11 10/15/03
AF-2 $60,400,000 Aaa/AAA 1.18 11 19 05/15/08
AF-3 $80,000,000 Aaa/AAA 2.04 19 32 08/15/12
AF-4 $47,000,000 Aaa/AAA 3.07 32 44 08/15/17
AF-5 $32,900,000 Aaa/AAA 4.04 44 55 06/15/21
AF-6 $39,000,000 Aaa/AAA 5.40 55 79 02/15/25
AF-7 $37,700,000 Aaa/AAA 9.91 79 193 01/15/39
AF-8 $40,000,000 Aaa/AAA 6.31 37 191 01/15/39
POOL II (ARMS)
AV $498,000,000 Aaa/AAA 2.10 1 76 05/15/26
TO CALL:
Bond Ratings
CLASS AMOUNT (MDY'S/S&P) WAL BEG. AMORT. END AMORT. LEGAL FINAL
- ------------------------------------------------------------------------------------------------------------------
POOL I (FRMS)
AF-7 $37,700,000 Aaa/AAA 8.25 79 104 01/15/39
AF-8 $40,000,000 Aaa/AAA 6.25 37 104 01/15/39
POOL II (ARMS)
AV $498,000,000 Aaa/AAA 2.10 1 76 05/15/26
</TABLE>
ISSUER: The Money Store Trust 1997-C
REPRESENTATIVE & SERVICER: The Money Store Inc.
TRUSTEE: The Bank of New York
UNDERWRITERS: Prudential (Lead), Merrill Lynch (Co.), Salomon
Brothers, Inc (Co.), Morgan Stanley (Co.) and
Lehman Brothers (Co.)
EXPECTED PRICING: Week of September 22, 1997
EXPECTED
SETTLEMENT: September 30, 1997
CUT-OFF DATE: As of the close of business on 8/31/97.
ERISA: Subject to the conditions set forth in the
prospectus, it is believed that the Class AF
Certificates from Pool I and the triple-A rated
Class AV Certificates from Pool II would be ERISA
eligible. Prospective purchasers should consult
their counsel.
SMMEA: The Class AF Certificates from Pool I will not be
SMMEA eligible. Subject to the conditions set
forth in the prospectus, it is believed that the
triple-A rated Class AV Certificates from Pool II
will be SMMEA eligible. Prospective purchasers
should consult their counsel.
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
INTEREST/ PRINCIPAL: The 15th day (or the next business day if 15th is
not a business day) of each month beginning
October 15, 1997.
TAX STATUS: On the Closing Date, REMIC elections will be made
with respect to certain assets of the Trust.
COLLATERAL: POOL I: Conventional fixed-rate home equity loans
secured by first or second liens on one- to
four-family ("single family") residential properties,
five and six-family residences, units in planned
unit developments and units in condominium
developments plus the Pre- Funding Account
allocated to Pool I.
POOL II: Conventional adjustable rate home equity
loans secured by first liens on one- to
four-family ("single family") residential
properties, units in planned unit developments
and units in condominium developments indexed to
1 Month LIBOR, 6 Month LIBOR, 1 Year LIBOR and
1-Year CMT plus the Pre-Funding Account allocated
to Pool II.
POOL III: Conventional and FHA, fixed rate home
improvement loans secured by first, second and
junior liens on one- to four-family ("single
family") residential properties, units in planned
unit developments and units in condominium
developments plus the Pre-Funding Account
allocated to Pool III. (MERRILL LYNCH IS NOT
PARTICIPATING IN THE SALE OF THE CERTIFICATES
BACKED BY POOL III.)
POOL IV: Fixed rate Multifamily Loans secured by
first liens on five or more unit residential and
commercial properties, planned unit developments
and condominiums plus the Pre- Funding Account
allocated to Pool IV. (MERRILL LYNCH IS NOT
PARTICIPATING IN THE SALE OF THE CERTIFICATES
BACKED BY POOL IV.)
CREDIT ENHANCEMENT FOR FIXED RATE CLASSES:
i) Excess Spread;
ii) Overcollateralization;
initial - 0%
target - 1.75% of Original Loan Balance
stepdown - 3.50% of Current Loan Balance (at Month 30)
floor - 0.50% of Original Loan Balance
iii) Cross-Collateralization of all of the Pools (only in the event of
losses); and
iv) MBIA Guarantee of timely receipt of interest on the Class AF Certificates
and ultimate receipt of principal on the Class AF Certificates.
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
CREDIT ENHANCEMENT FOR FLOATING RATE CLASSES:
i) Excess Spread;
ii) Overcollateralization;
initial - 0%
target - 2.00% of Original Loan Balance
stepdown - 4.00% of Current Loan Balance
floor - 0.50% of Original Loan Balance (at Month 36)
iii) Cross-Collateralization of all of the Pools (only in the event of
losses); and
iv) Subordination
Class MV-1 (7.5% of all Floating Rate Certificates)
Class MV-2 (5.0% of all Floating Rate Certificates)
Class BV (4.5% of all Floating Rate Certificates)
THE FLOATING RATE CERTIFICATES WILL NOT BE GUARANTEED BY MBIA. MERRILL LYNCH
WILL NOT BE INVOLVED IN THE SALE OF THE CLASS MV-1, MV-2 AND BV CERTIFICATES.
PRE-FUNDING
ACCOUNT: Pools I and II: $225,000,000 (25% approx. of Pool
The Original Pool I & II Pre-Funding Amounts will be
reduced during the Funding Period by the amounts thereof
used to purchase the related Subsequent Loans. Any amount
remaining at the end of the Funding Period in the Pool I &
Pool II Pre-Funding Accounts will be used to prepay
principal to the Pool I and II Certificates.
INTEREST
DISTRIBUTIONS: Interest due with respect to the Pool I Certificates will
be interest which has accrued on the related Certificate
Principal Balance during the calendar month immediately
preceding the month in which such Payment date occurs.
Interest on the Pool I Certificates will accrue on the
basis of a 360-day year consisting of twelve 30-day months.
Interest due with respect to the Pool II Certificates will
be interest which has accrued during the actual number of
days since the last Remittance Date up to but not including
the current Remittance Date on the related Certificate
Principal Balance. Interest on the Pool II Certificates
will accrue on an actual/360 basis.
SERVICER CLEANUP
CALL: The Servicer, and in certain circumstances, the Insurer,
will have the right to purchase all the Pool I and Pool II
Home Equity Loans, the Pool III Home Improvement Loans and
the Pool IV Multifamily Loans (collectively, the "Loans")
on any Monthly Remittance Date when the aggregate principal
balances of the Loans have declined to less than 10% of the
sum of (i) the aggregate principal balances of the "Initial
Loans", as of the Cut-Off Date and (ii) the original
Pre-Funded Amount.
INSURER
CLEANUP CALL: On and after the date on which the Maximum Subordinated
Amount is zero (the "Cross- Over Date") and on any
Remittance Date when Loans with aggregate principal
balances (as of the Cut-Off Date) equaling 25% or more of
the sum of (i) the Original Pool Principal Balance and (ii)
the Original Pre-Funded Amount, if any, have become
Liquidated Loans.
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
FIXED RATE HOME EQUITY LOANS (PRELIMINARY):
POOL I (AS OF 8/31/97):
Initial Current Principal Balance: $244,556,140
Average Principal Balance: $38,806
Number of Loans: 6,302
Properties secured by 1st/2nd Liens: 68%/32%
Weighted Average Coupon: 11.61%
Weighted Average CLTV: 74.71
Weighted Average Rem. Term: 254.0 mos.
Weighted Average Orig. Term: 254.4 mos.
Balloons (30's due in 15): 1.71%
Occupancy-
Owner Occupied: 96.82%
Investor Owned: 2.65%
Second Homes: 0.53%
Property Type-
Single Family Detached: 80.58%
Manufactured: 13.86%
2-4 Family: 4.09%
Townhouse: 0.70%
PUD: 0.24%
Condominium: 0.46%
Multi-Family: 0.07%
Geographic Distribution (*5%): CA-7.07%, NY-6.51%,
PA-5.54%, WA-5.18%
*=greater than
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
ADJUSTABLE RATE HOME EQUITY LOANS (PRELIMINARY):
POOL II (AS OF 8/31/97):
Initial Current Principal Balance: $420,597,577
Average Principal Balance: $83,668
Number of Loans: 5,027
Properties secured by First Liens: 100%
Weighted Average Coupon: 10.176%
Weighted Average LTV: 76.79
Weighted Average Rem. Term: 358.7 mos.
Weighted Average Orig. Term: 359.7 mos.
Weighted Average Gross Margin: 6.072%
Weighted Average Lifetime Cap: 16.305%
Weighted Average Lifetime Floor: 10.156%
Product Type-
1 Year CMT: 4.99%
1 Year LIBOR: 0.67%
6 Month LIBOR: 30.23%
2/28 6 Month LIBOR: 29.93%
3/27 6 Month LIBOR: 2.75%
4/26 6 Month LIBOR: 31.37%
3/3 1 Month LIBOR: 0.06%
Balloons (30's due in 15): 0.13%
Occupancy-
Owner Occupied: 96.53%
Investor Owned: 3.07%
Second Homes: 0.40%
Property Type-
Single Family Detached: 86.27%
Manufactured: 4.05%
2-4 Family: 5.86%
Townhouse: 0.79%
PUD: 1.82%
Condominium: 1.09%
Multi-Family: 0.13%
Geographic Distribution (*5%): IL-7.88%, MI-7.09%,
WA-6.20%, CA-5.97%,
OH-5.70%
*=greater than
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
EXPECTED POOL PRICING PREPAYMENT ASSUMPTIONS:
POOL I (FIXED RATE HOME EQUITY LOANS)
The 100% pricing prepayment assumption for Pool I assumes a Home Equity
Prepayment ("HEP") rate of 2.4% per annum of the then outstanding principal
balance of the respective Home Equity Loans in the first month of the life of
the Home Equity Loans and an additional 2.4% per annum in each month thereafter
until the tenth month. Beginning in the tenth month and in each month thereafter
during the life of the Home Equity Loans the pricing prepayment assumption
assumes a conditional prepayment rate of 24% for Pool I per annum each month.
POOL II (ADJUSTABLE RATE HOME EQUITY LOANS)
The prepayment assumption for Pool II assumes a constant CPR of 26% per annum.
<TABLE>
<CAPTION>
PREPAYMENT SCENARIOS:
SCENARIO 1 SCENARIO 2 SCENARIO3(2) SCENARIO 4 SCENARIO 5
---------- ---------- ------------ ---------- ----------
<S> <C> <C> <C> <C> <C>
Pool I(1) 0% 75% 100% 125% 150%
Pool II 0% 20% 26% 30% 36%
(1) Percentage of Prepayment Assumption.
(2) Pricing Assumption.
CLASS A CERTIFICATE PREPAYMENT SENSITIVITY ANALYSIS:
(assuming 0 bps losses):
<S> <C> <C> <C> <C> <C>
TO MATURITY 1 2 3 4 5
Class AF-1 WAL (yrs.) 2.73 0.58 0.50 0.45 0.41
Class AF-1 Exp. Beg. Am. 1 1 1 1 1
Class AF-1 Exp. End. Am. 67 13 11 10 9
TO MATURITY 1 2 3 4 5
Class AF-2 WAL (yrs.) 7.72 1.45 1.18 1.01 0.89
Class AF-2 Exp. Beg. Am. 67 13 11 10 9
Class AF-2 Exp. End. Am. 121 23 19 16 14
TO MATURITY 1 2 3 4 5
Class AF-3 WAL (yrs.) 12.67 2.60 2.04 1.68 1.44
Class AF-3 Exp. Beg. Am. 121 23 19 16 14
Class AF-3 Exp. End. Am. 176 41 32 26 22
TO MATURITY 1 2 3 4 5
Class AF-4 WAL (yrs.) 16.96 4.04 3.07 2.48 2.08
Class AF-4 Exp. Beg. Am. 176 41 32 26 22
Class AF-4 Exp. End. Am. 235 57 44 35 29
</TABLE>
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
TO MATURITY 1 2 3 4 5
Class AF-5 WAL (yrs.) 21.54 5.37 4.04 3.19 2.63
Class AF-5 Exp. Beg. Am. 235 57 44 35 29
Class AF-5 Exp. End. Am. 282 74 55 43 35
TO MATURITY 1 2 3 4 5
Class AF-6 WAL (yrs.) 25.30 7.70 5.40 4.20 3.39
Class AF-6 Exp. Beg. Am. 282 74 55 43 35
Class AF-6 Exp. End. Am. 326 117 79 60 48
TO MATURITY 1 2 3 4 5
Class AF-7 WAL (yrs.) 28.63 12.86 9.91 7.41 5.50
Class AF-7 Exp. Beg. Am. 326 117 79 60 48
Class AF-7 Exp. End. Am. 362 246 193 160 134
TO MATURITY 1 2 3 4 5
Class AF-8 WAL (yrs.) 10.75 6.78 6.31 5.97 5.69
Class AF-8 Exp. Beg. Am. 37 37 37 37 37
Class AF-8 Exp. End. Am. 359 243 191 158 132
TO MATURITY 1 2 3 4 5
Class AV WAL (yrs.) 20.23 2.83 2.10 1.78 1.42
Class AV Exp. Beg. Am. 1 1 1 1 1
Class AV Exp. End. Am. 343 103 76 64 50
CLASS A CERTIFICATE PREPAYMENT SENSITIVITY ANALYSIS:
(assuming 0 bps losses):
TO 10% CLEAN-UP CALL 1 2 3 4 5
Class AF-7 WAL (yrs.) 28.09 10.85 8.25 6.34 5.00
Class AF-7 Exp. Beg. Am. 326 117 79 60 48
Class AF-7 Exp. End. Am. 340 133 104 87 72
TO 10% CLEAN-UP CALL 1 2 3 4 5
Class AF-8 WAL (yrs.) 10.75 6.76 6.25 5.77 5.14
Class AF-8 Exp. Beg. Am. 37 37 37 37 37
Class AF-8 Exp. End. Am. 340 133 104 87 72
TO 10% CLEAN-UP CALL 1 2 3 4 5
Class AV WAL (yrs.) 20.22 2.83 2.10 1.78 1.42
Class AV Exp. Beg. Am. 1 1 1 1 1
Class AV Exp. End. Am. 340 103 76 64 50
</TABLE>
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
FOR ADDITIONAL INFORMATION PLEASE CALL:
ASSET BACKED SECURITIES GROUP
Rob DiOrio (212) 449-1646
Michael Murphy (212) 449-0843
Ken Mulford (212) 449-0752
Scott Henderson (212) 449-3780
ABS TRADING
Carlos Valle (212) 449-3659
Scott Soltas (212) 449-3659
Terrence Mack (212) 449-3659
Brian Kane (212) 449-3659
MBS TRADING
Vince Mora (212) 449-5320
Dan Pace (212) 449-5320
ASSET BACKED RESEARCH
Chris Flanigan (212) 449-1655
Ralph Diserio (212) 449-1629
Ryan Asato (212) 449-9622
Recipients must read the information contained in the attached
statement. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Merrill Lynch account executive for another copy. the collateral information set
forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
prospectus supplement.
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch Mortgage Capital, Inc. *** Transactions Finance Group ***
Portfolio: S:\DATA\DEALS\MONEY\97C\97CFIX3.DBF 09/23/1997 09:22 Page 1
THE MONEY STORE 1997-C FIXED POOL
Report Profile: PROSPECT SuperCrack Portfolio Summary Code File: 97CFIX3
P O O L T O T A L S AVERAGE - - GROSS COUPON - - WTD AVG RMNG TERM WTDAV
# LOANS CURRENT BALANCE CURRBAL WTDAVG MIN MAX STATD ORIG L T V
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6,302 $ 244,556,140 $ 38,806 11.612 5.000 16.500 254.0 254.4
STATE LOANS CURRENT BAL %POOL STATE LOANS CURRENT BAL %POOL
AK 4 145,100 0.06 WY 17 624,113 0.26
AR 24 750,293 0.31
AZ 158 6,993,271 2.86
CA 290 17,299,411 7.07 LTV (COMBINED) LOANS CURRENT BAL %POOL
CO 177 7,456,168 3.05
CT 46 2,301,824 0.94 0.01- 5.00 2 22,300 0.01
DC 7 218,700 0.09 5.01- 10.00 10 137,316 0.06
DE 27 1,651,143 0.68 10.01- 15.00 42 638,442 0.26
FL 233 8,640,107 3.53 15.01- 20.00 47 956,764 0.39
GA 203 7,418,299 3.03 20.01- 25.00 65 1,519,401 0.62
IA 44 1,435,012 0.59 25.01- 30.00 104 2,391,381 0.98
ID 73 2,234,323 0.91 30.01- 35.00 97 2,316,987 0.95
IL 304 11,900,294 4.87 35.01- 40.00 109 3,382,726 1.38
IN 246 8,359,835 3.42 40.01- 45.00 145 4,294,808 1.76
KS 143 4,051,546 1.66 45.01- 50.00 158 5,355,757 2.19
KY 66 2,530,885 1.03 50.01- 55.00 171 6,338,070 2.59
LA 68 2,272,053 0.93 55.01- 60.00 238 8,576,103 3.51
MA 92 4,028,355 1.65 60.01- 65.00 333 12,504,998 5.11
MD 103 3,894,467 1.59 65.01- 70.00 513 19,612,870 8.02
ME 74 2,413,347 0.99 70.01- 75.00 562 22,913,062 9.37
MI 335 11,716,373 4.79 75.01- 80.00 1,351 55,286,734 22.61
MN 87 2,562,403 1.05 80.01- 85.00 1,061 45,066,072 18.43
MO 244 8,720,838 3.57 85.01- 90.00 1,034 45,200,940 18.48
MS 89 3,059,713 1.25 90.01- 95.00 165 5,450,272 2.23
MT 13 504,730 0.21 95.01- 100.00 95 2,591,138 1.06
NC 210 9,751,276 3.99 WTD AVERAGE: 74.71
ND 6 196,994 0.08
NE 65 2,315,724 0.95
NH 33 1,098,607 0.45 PROPTYPE LOANS CURRENT BAL %POOL
NJ 254 11,390,100 4.66
NM 115 4,664,385 1.91 SINGLE FAMILY DETACHED 5,131 197,072,559 80.58
NV 84 3,305,947 1.35 PUD 12 577,069 0.24
NY 359 15,930,415 6.51 MANUFACTURED 850 33,891,676 13.86
OH 308 11,647,394 4.76 TOWNHOUSE 48 1,721,213 0.70
OK 103 2,772,546 1.13 CONDO 46 1,128,417 0.46
OR 104 3,656,272 1.50 2-4 FAMILY 213 10,000,706 4.09
PA 381 13,550,654 5.54 MULTI-FAMILY 2 164,500 0.07
RI 16 569,152 0.23
SC 245 9,705,324 3.97
SD 8 264,227 0.11 OWNEROCC LOANS CURRENT BAL %POOL
TN 137 4,381,686 1.79
TX 52 2,096,916 0.86 INVESTOR 182 6,477,212 2.65
UT 73 2,506,599 1.02 OWNER OCCUPIED 6,082 236,771,234 96.82
VA 84 3,492,263 1.43 SECOND HOME 38 1,307,695 0.53
VT 16 511,236 0.21
WA 330 12,666,689 5.18
WI 119 3,722,446 1.52
WV 33 1,176,685 0.48
RATE LOANS CURRENT BAL %POOL
4.51- 5.00 1 10,593 0.00
5.51- 6.00 1 23,414 0.01
6.51- 7.00 2 96,966 0.04
7.51- 8.00 2 182,505 0.07
8.01- 8.50 1 50,000 0.02
8.51- 9.00 21 1,754,674 0.72
9.01- 9.50 66 5,870,961 2.40
9.51- 10.00 257 22,171,525 9.07
10.01- 10.50 443 29,175,366 11.93
10.51- 11.00 656 34,793,475 14.23
11.01- 11.50 792 30,923,341 12.64
11.51- 12.00 1,081 36,482,644 14.92
12.01- 12.50 1,019 30,468,717 12.46
12.51- 13.00 852 23,075,653 9.44
13.01- 13.50 469 12,747,931 5.21
13.51- 14.00 381 9,991,423 4.09
14.01- 14.50 118 3,091,741 1.26
14.51- 15.00 96 2,619,831 1.07
15.01- 15.50 16 399,585 0.16
15.51- 16.00 27 599,757 0.25
16.01- 16.50 1 26,040 0.01
WTD AVERAGE: 11.61
STDRTM LOANS CURRENT BAL %POOL
25- 48 7 94,627 0.04
49- 72 273 3,700,517 1.51
73- 96 109 1,815,523 0.74
97- 120 1,031 21,280,834 8.70
121- 144 23 787,576 0.32
169- 192 2,601 84,555,781 34.58
193- 216 2 142,241 0.06
217- 240 593 25,509,671 10.43
241- 264 1 39,600 0.02
289- 312 372 16,450,163 6.73
337- 360 1,256 86,927,511 35.55
457- 480 33 3,222,896 1.32
WTD AVERAGE: 254
BALLOON LOANS CURRENT BAL %POOL
NON-BALLOON 6,229 240,372,473 98.29
BALLON LOANS 73 4,183,667 1.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch Mortgage Capital, Inc.
Portfolio S:\DATA\DEALS\MONEY\97C\97CFIX3.DBF
THE MONEY STORE 1997-C FIXED POOL
Report Profile: PROSPECT SuperCrack Portfolio Summary Code File: 97CFIX3
- P O O L T O T A L S - AVERAGE - - GROSS COUPON - - - WTD AVG RMNG TERM - WTDAV
# LOANS CURRENT BALANCE CURRBAL WTDAVG MIN MAX STATD ORIG L T V
<S> <C> <C> <C> <C> <C> <C> <C>
6,302 $244,556,140 $38,806 11.612 5.000 16.500 254.0 254.4
</TABLE>
<TABLE>
<CAPTION>
CURRBAL LOANS CURRENT BAL %POOL LOAN GRADE LOANS CURRENT BAL %POOL
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.01- 10000.00 294 2,385,735 0.98 A 1,477 64,815,702 26.50
10000.01- 20000.00 1,460 22,449,449 9.18 A- 1,973 80,305,460 32.84
20000.01- 30000.00 1,478 37,077,370 15.16 B 1,268 43,441,757 17.76
30000.01- 40000.00 911 31,843,410 13.02 B+ 841 31,232,800 12.77
40000.01- 50000.00 656 29,540,754 12.08 B- 516 17,271,151 7.06
50000.01- 60000.00 493 27,213,329 11.13 C 190 6,257,024 2.56
60000.01- 70000.00 335 21,789,877 8.91 C+ 29 1,040,071 0.43
70000.01- 80000.00 186 13,943,944 5.70 C- 8 192,175 0.08
80000.01- 90000.00 114 9,725,865 3.98
90000.01- 100000.00 89 8,506,487 3.48
100000.01- 110000.00 68 7,149,200 2.92
110000.01- 120000.00 54 6,240,491 2.55
120000.01- 130000.00 46 5,735,193 2.35
130000.01- 140000.00 20 2,697,301 1.10
140000.01- 150000.00 27 3,910,167 1.60
150000.01- 160000.00 16 2,480,948 1.01
160000.01- 170000.00 10 1,661,937 0.68
170000.01- 180000.00 8 1,399,125 0.57
180000.01- 190000.00 1 188,000 0.08
190000.01- 200000.00 6 1,169,000 0.48
200000.01- 210000.00 6 1,237,400 0.51
210000.01- 220000.00 4 859,300 0.35
220000.01- 230000.00 7 1,569,650 0.64
230000.01- 240000.00 1 233,529 0.10
260000.01- 270000.00 2 532,000 0.22
280000.01- 290000.00 5 1,418,700 0.58
290000.01- 300000.00 1 292,500 0.12
300000.01- 310000.00 1 306,000 0.13
310000.01- 320000.00 1 320,000 0.13
330000.01- 340000.00 1 338,000 0.14
340000.01- 350000.00 1 341,480 0.14
</TABLE>
LIEN LOANS CURRENT BAL %POOL
1 3,315 165,669,997 67.74
2 2,987 78,886,144 32.26
<PAGE>
<TABLE>
<CAPTION>
THE MONEY STORE 1997-C ARMS POOL
Report Profile: PROSARM SuperCrack Portfolio Summary Code File: 97CARM3
-P O O L T O T A L S- AVERAGE - - GROSS COUPON - - -RMNG TRM- WTDAV - - M A R G I N - - - -
# LOANS CURRENT BALANCE CURRBAL WTDAVG MIN MAX STATD ORIG L T V WTDAV MIN MAX
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5,027 $ 420,597,577 $ 83,668 10.176 5.500 14.850 358.7 359.7 6.072 2.750 10.725
STATE LOANS CURRENT BAL %POOL STATE LOANS CURRENT BAL %POOL
AK 6 471,700 0.11 WY 9 825,337 0.20
AR 5 281,556 0.07
AZ 81 6,542,908 1.56
CA 199 25,129,412 5.97 LTV LOANS CURRENT BAL %POOL
CO 144 15,197,131 3.61
CT 65 7,585,087 1.80 5.01- 10.00 1 27,976 0.01
DC 31 3,128,576 0.74 10.01- 15.00 6 246,232 0.06
DE 12 1,115,869 0.27 15.01- 20.00 15 552,049 0.13
FL 192 15,378,647 3.66 20.01- 25.00 13 478,343 0.11
GA 162 14,079,387 3.35 25.01- 30.00 30 1,213,455 0.29
IA 26 1,403,525 0.33 30.01- 35.00 36 1,929,816 0.46
ID 116 8,273,208 1.97 35.01- 40.00 52 2,346,154 0.56
IL 346 33,133,454 7.88 40.01- 45.00 67 3,490,140 0.83
IN 213 13,164,371 3.13 45.01- 50.00 95 5,383,466 1.28
KS 58 3,338,806 0.79 50.01- 55.00 119 7,820,302 1.86
KY 100 5,792,483 1.38 55.01- 60.00 183 12,193,463 2.90
LA 57 3,777,243 0.90 60.01- 65.00 298 21,208,095 5.04
MA 172 18,439,270 4.38 65.01- 70.00 463 35,494,816 8.44
MD 124 13,886,965 3.30 70.01- 75.00 607 50,050,998 11.90
ME 57 3,892,027 0.93 75.01- 80.00 1,462 129,173,293 30.71
MI 416 29,821,521 7.09 80.01- 85.00 952 81,336,578 19.34
MN 110 8,728,297 2.08 85.01- 90.00 591 64,285,789 15.28
MO 166 10,485,957 2.49 90.01- 95.00 35 3,229,844 0.77
MS 17 938,154 0.22 95.01- 100.00 2 136,767 0.03
MT 13 805,008 0.19 WTD AVERAGE: 76.79
NC 116 8,802,059 2.09
ND 2 64,800 0.02
NE 17 830,793 0.20 PROPTYPE LOANS CURRENT BAL %POOL
NH 46 3,387,267 0.81
NJ 105 10,431,022 2.48 SINGLE FAMILY DETACHED 4,335 362,832,221 86.27
NM 61 4,608,765 1.10 PUD 55 7,649,750 1.82
NV 27 3,105,516 0.74 MANUFACTURED 270 17,043,595 4.05
NY 167 14,884,444 3.54 TOWNHOUSE 40 3,315,951 0.79
OH 333 23,992,690 5.70 CONDO 64 4,569,507 1.09
OK 33 2,275,895 0.54 2-4 FAMILY 259 24,654,024 5.86
OR 74 6,623,775 1.57 MULTI-FAMILY 4 532,530 0.13
PA 265 18,697,120 4.45
RI 25 2,191,971 0.52
SC 41 2,918,106 0.69 OWNEROCC LOANS CURRENT BAL %POOL
SD 3 247,514 0.06
TN 95 7,339,449 1.75 INVESTOR 196 12,922,668 3.07
TX 100 9,421,876 2.24 OWNER OCCUPIED 4,808 406,002,332 96.53
UT 100 9,629,287 2.29 SECOND HOME 23 1,672,577 0.40
VA 73 7,574,441 1.80
VT 19 1,515,285 0.36
WA 279 26,060,763 6.20 LIEN LOANS CURRENT BAL %POOL
WI 135 9,524,601 2.26
WV 14 854,238 0.20 1 5,027 420,597,577 100.00
</TABLE>
<TABLE>
<CAPTION>
L I F E C A P - - - L I F E F L O O R -
WTDAVG MIN MAX %0 WTDAVG MIN MAX %0
<S> <C> <C> <C> <C> <C> <C> <C>
6.305 11.500 20.875 100 10.156 2.875 14.850 98
</TABLE>
<TABLE>
<CAPTION>
RATE LOANS CURRENT BAL %POOL
<S> <C> <C> <C> <C>
5.01- 5.50 1 262,645 0.06
6.01- 6.50 1 112,400 0.03
6.51- 7.00 2 214,361 0.05
7.01- 7.50 69 9,206,163 2.19
7.51- 8.00 88 10,079,867 2.40
8.01- 8.50 212 19,509,262 4.64
8.51- 9.00 325 31,042,458 7.38
9.01- 9.50 470 41,781,733 9.93
9.51- 10.00 808 75,300,567 17.90
10.01- 10.50 1,080 87,463,707 20.80
10.51- 11.00 780 62,585,045 14.88
11.01- 11.50 646 45,104,428 10.72
11.51- 12.00 293 21,317,696 5.07
12.01- 12.50 144 9,503,844 2.26
12.51- 13.00 67 4,691,475 1.12
13.01- 13.50 19 1,237,427 0.29
13.51- 14.00 16 713,489 0.17
14.01- 14.50 3 120,189 0.03
14.51- 15.00 3 350,821 0.08
WTD AVERAGE: 10.18
STDRTM LOANS CURRENT BAL %POOL
169- 192 13 721,820 0.17
289- 312 1 194,675 0.05
313- 336 1 42,241 0.01
337- 360 5,012 419,638,842 99.77
WTD AVERAGE: 359
LOAN TYPE LOANS CURRENT BAL %POOL
1 YEAR LIBOR 29 2,804,332 0.67
1 YEAR TREASURY 166 20,982,960 4.99
2/28 6 MONTH LIBOR 1,342 125,876,988 29.93
3/27 6 MONTH LIBOR 121 11,574,344 2.75
3/3 1 MONTH LIBOR 4 245,530 0.06
4/26 6 MONTH LIBOR 1,872 131,950,148 31.37
6 MONTH LIBOR 1,493 127,163,277 30.23
BALLOON LOANS CURRENT BAL %POOL
NON-BALLOON 5,022 420,038,279 99.87
BALLON LOANS 5 559,298 0.13
</TABLE>
Requested by: V0.32
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch Mortgage Capital, Inc. *** Transactions Finance Group ***
Portfolio: S:\DATA\DEALS\MONEY\97C\97CARM3.DBF 09/23/1997 09:21 Page 2
THE MONEY STORE 1997-C ARMS POOL
Report Profile: PROSARM SuperCrack Portfolio Summary Code File: 97CARM3
-P O O L T O T A L S- AVERAGE - - GROSS COUPON - - -RMNG TRM- WTDAV - - M A R G I N - - - -
# LOANS CURRENT BALANCE CURRBAL WTDAVG MIN MAX STATD ORIG L T V WTDAV MIN MAX
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5,027 $ 420,597,577 $ 83,668 10.176 5.500 14.850 358.7 359.7 6.072 2.750 10.725
CURRBAL LOANS CURRENT BAL %POOL MARGIN LOANS CURRENT BAL %POOL
0.01- 10000.00 1 9,731 0.00 2.51- 3.00 1 262,645 0.06
10000.01- 20000.00 27 467,534 0.11 3.01- 3.50 1 187,100 0.04
20000.01- 30000.00 222 5,865,400 1.39 3.51- 4.00 10 1,160,096 0.28
30000.01- 40000.00 469 16,748,859 3.98 4.01- 4.50 17 1,523,906 0.36
40000.01- 50000.00 542 24,538,470 5.83 4.51- 5.00 416 38,727,217 9.21
50000.01- 60000.00 667 36,887,099 8.77 5.01- 5.50 989 81,705,746 19.43
60000.01- 70000.00 586 38,145,666 9.07 5.51- 6.00 827 73,509,230 17.48
70000.01- 80000.00 508 38,152,871 9.07 6.01- 6.50 1,617 126,768,581 30.14
80000.01- 90000.00 371 31,569,585 7.51 6.51- 7.00 731 60,203,135 14.31
90000.01- 100000.00 352 33,570,466 7.98 7.01- 7.50 199 18,201,029 4.33
100000.01- 110000.00 257 27,045,362 6.43 7.51- 8.00 135 11,776,893 2.80
110000.01- 120000.00 201 23,170,355 5.51 8.01- 8.50 37 3,282,005 0.78
120000.01- 130000.00 145 18,152,445 4.32 8.51- 9.00 28 1,969,434 0.47
130000.01- 140000.00 108 14,615,965 3.48 9.01- 9.50 10 728,782 0.17
140000.01- 150000.00 115 16,726,777 3.98 9.51- 10.00 5 268,589 0.06
150000.01- 160000.00 83 12,912,071 3.07 10.01- 10.50 3 258,389 0.06
160000.01- 170000.00 65 10,745,172 2.55 10.51- 11.00 1 64,800 0.02
170000.01- 180000.00 48 8,438,746 2.01 WTD AVERAGE: 6.07
180000.01- 190000.00 35 6,484,689 1.54
190000.01- 200000.00 35 6,856,084 1.63
200000.01- 210000.00 30 6,163,052 1.47 LIFEFLOOR LOANS CURRENT BAL %POOL
210000.01- 220000.00 24 5,179,921 1.23
220000.01- 230000.00 20 4,515,452 1.07 0.01 116 10,364,661 2.46
230000.01- 240000.00 14 3,299,045 0.78 2.51- 3.00 1 80,692 0.02
240000.01- 250000.00 22 5,426,937 1.29 5.51- 6.00 2 243,922 0.06
250000.01- 260000.00 12 3,057,901 0.73 6.01- 6.50 2 211,340 0.05
260000.01- 270000.00 9 2,382,902 0.57 6.51- 7.00 2 214,361 0.05
270000.01- 280000.00 6 1,639,210 0.39 7.01- 7.50 71 9,326,106 2.22
280000.01- 290000.00 4 1,148,800 0.27 7.51- 8.00 93 10,703,155 2.54
290000.01- 300000.00 9 2,656,659 0.63 8.01- 8.50 213 19,570,898 4.65
300000.01- 310000.00 7 2,130,842 0.51 8.51- 9.00 321 30,276,631 7.20
310000.01- 320000.00 6 1,898,499 0.45 9.01- 9.50 457 40,503,225 9.63
320000.01- 330000.00 4 1,304,363 0.31 9.51- 10.00 794 73,744,814 17.53
330000.01- 340000.00 4 1,351,555 0.32 10.01- 10.50 1,061 85,940,426 20.43
340000.01- 350000.00 6 2,086,806 0.50 10.51- 11.00 755 59,941,762 14.25
350000.01- 360000.00 2 711,769 0.17 11.01- 11.50 630 43,654,109 10.38
360000.01- 370000.00 2 730,500 0.17 11.51- 12.00 279 20,450,727 4.86
370000.01- 380000.00 1 370,980 0.09 12.01- 12.50 136 9,101,476 2.16
390000.01- 400000.00 1 399,093 0.09 12.51- 13.00 59 4,215,475 1.00
400000.01- 410000.00 2 807,394 0.19 13.01- 13.50 15 973,271 0.23
410000.01- 420000.00 1 414,000 0.10 13.51- 14.00 15 673,506 0.16
420000.01- 430000.00 1 421,007 0.10 14.01- 14.50 2 56,200 0.01
440000.01- 450000.00 1 442,145 0.11 14.51- 15.00 3 350,821 0.08
450000.01- 460000.00 1 456,000 0.11 WTD AVERAGE: 10.16 for > 0: 410,232,916 97.54
490000.01- 500000.00 1 499,399 0.12
</TABLE>
<TABLE>
<CAPTION>
L I F E C A P - - - L I F E F L O O R -
WTDAVG MIN MAX %0 WTDAVG MIN MAX %0
<S> <C> <C> <C> <C> <C> <C> <C>
16.305 11.500 20.875 100 10.156 2.875 14.850 98
LIFECAP LOANS CURRENT BAL %POOL
11.01- 11.50 1 262,645 0.06
12.01- 12.50 1 112,400 0.03
12.51- 13.00 2 214,361 0.05
13.01- 13.50 70 9,259,153 2.20
13.51- 14.00 86 10,100,902 2.40
14.01- 14.50 198 18,030,880 4.29
14.51- 15.00 301 27,595,534 6.56
15.01- 15.50 428 36,858,700 8.76
15.51- 16.00 724 67,006,406 15.93
16.01- 16.50 1,017 81,175,394 19.30
16.51- 17.00 803 64,838,292 15.42
17.01- 17.50 707 53,085,393 12.62
17.51- 18.00 376 30,002,992 7.13
18.01- 18.50 163 11,222,255 2.67
18.51- 19.00 81 5,899,082 1.40
19.01- 19.50 35 2,713,208 0.65
19.51- 20.00 22 1,383,842 0.33
20.01- 20.50 7 358,853 0.09
20.51- 21.00 5 477,286 0.11
LOAN GRADE LOANS CURRENT BAL %POOL
A 701 65,543,548 15.58
A- 1,473 139,917,110 33.27
B 1,222 91,269,952 21.70
B+ 831 69,868,072 16.61
B- 531 36,965,623 8.79
C 208 12,786,022 3.04
C+ 49 3,583,395 0.85
C- 12 663,855 0.16
</TABLE>
Active Filter: NONE
EXHIBIT 99.5
- ----------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER [GRAPHIC OMITTED] September 22, 1997
ASSET FINANCE GROUP
ABS/MBS CAPITAL MARKETS
- -------------------------------------------------------------------------------
ABS NEW TRANSACTION
COMPUTATIONAL MATERIALS
-------------------------------------------
PRE-MARKETING TODAY
EXPECTED LAUNCH: SEPTEMBER 22, 1997
EXPECTED PRICING: SEPTEMBER 23-24, 1997
-------------------------------------------
$1,300,000,000
THE MONEY STORE HOME EQUITY TRUST 1997-C
HOME EQUITY LOAN ABS
-------------------------------------------
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
SEC SHELF ABS -- NO RED HERRINGS WILL BE AVAILABLE
- -----------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER [GRAPHIC OMITTED] September 22, 1997
March 24, 1997
ASSET FINANCE GROUP
ABS/MBS CAPITAL MARKETS
- ----------------------------------------------------------------------------
$1,300,000,000 THE MONEY STORE HOME EQUITY TRUST, 1997-C
THE MONEY STORE, INC. -- MASTER SERVICER
<TABLE>
<CAPTION>
TRANSACTION HIGHLIGHTS
- -------------------------------------------------------------------------------
PAYMENT EXPECTED
APPROXIMATE EXPECTED AVERAGE WINDOWS DAY FINAL PRICE
CLASS CLASS SIZE RATINGS LIFE TO COUNT MATURITY TO TO
CLASS(1) GROUP TYPE ($ THOUSANDS) (MOODY'S/ TO 10% TO 10% BENCH-
S&P) MATURITY/ CALL CALL(2) MARK
CALL(2) (MONTHS)
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1F I Fixed Sequential $63,000 Aaa/AAA 0.50/0.50 11 30/360 8/98 TBD
A2F I Fixed Sequential 60,400 Aaa/AAA 1.18/1.18 9 30/360 4/99 TBD
A3F I Fixed Sequential 80,000 Aaa/AAA 2.04/2.04 14 30/360 5/00 TBD
A4F I Fixed Sequential 47,000 Aaa/AAA 3.07.3.07 13 30/360 5/01 TBD
A5F I Fixed Sequential 32,900 Aaa/AAA 4.04/4.04 12 30/360 4/02 TBD
A6F I Fixed Sequential 39,000 Aaa/AAA 5.40/5.40 25 30/360 4/04 TBD
A7F I Fixed Sequential 37,700 Aaa/AAA 9.91/8.25 26 30/360 5/06 TBD
A8F I NAS 40,000 Aaa/AAA 6.31/6.25 68 30/360 5/06 TBD
AV II Floater 498,000 Aaa/AAA 2.10/2.10 76 Actual/360 1/04 TBD
--------------------------------------------------------------------------------------------------------------------
M1V II NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
M2V II NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
BV II Floater 27,000 Baa3/BBB 6.13/5.69 68 Actual/360 5/06 TBD
--------------------------------------------------------------------------------------------------------------------
AH1 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AH2 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AH3 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AH4 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AH5 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AH6 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
MH1 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
MH2 III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
BH III NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
AMF IV NOT OFFERED
--------------------------------------------------------------------------------------------------------------------
TOTAL $1,300,000 -- -- -- -- --
- -----------------------------------------------------------------------------------------------------------------------------------
NOTES: (1) The Class AF1 through AF8 certificates are backed by the
Group I (fixed rate) pool of mortgage loans and the Class
AV, MV1, MV2 and BV certificates by the Group II (ARM) pool
of mortgage loans.
(2) Class AF1 through AF8 are priced at a prepayment speed of
24% HEP. Class AV and BV are priced at a constant prepayment
speed of 26% CPR.
</TABLE>
ORIGINATOR/MASTER SERVICER: The Money Store, Inc. and affiliates.
TRUSTEE: The Bank of New York
UNDERWRITERS: Prudential Securities (lead manager), MORGAN
STANLEY DEAN WITTER, Lehman Brothers, Merrill
Lynch, and Salomon Brothers (co-managers)
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
COLLATERAL: Group I: Fixed Rate Home Equity Loans (Classes AF1-AF8)
Group II: Adjustable Rate Home Equity Loans (Classes AV,
MV1, MV2, and BV)
Group III: Fixed Rate Home Improvement Loans ( Classes
AH1-AH6, MH1, MH2, BH)
Group IV: Fixed Rate Multi-Family Loans (Class AMF)
See "Collateral Description" page 8
GROUP I: CLASS AF1 The prepayment assumption is 24% of the HEP, which
THROUGH AF8 equates to a prepayment speed of 2.4% CPR in the first
PREPAYMENT SPEED: month, increasing by 2.4% CPR each month to 24.0% CPR in
month 10, and remaining at 24.0% CPR thereafter on a
seasoning adjusted basis
GROUP II: CLASS AV 26% CPR
AND BV PREPAYMENT
SPEED:
EXPECTED PRICING September 23-24, 1997
DATE:
EXPECTED SETTLEMENT September 30, 1997, through DTC, Euroclear, and CEDEL.
DATE:
DISTRIBUTION The 15th of each month, beginning October 15, 1997
DATES:
OPTIONAL The master servicer may exercise a
CALL clean-up call when the aggregate collateral
balance of all groups is less than 10% of
the original collateral balance as of the cut-off date
CLASS AV The pass-through rate will be equal to the
AND BV lesser of (A) 1 month LIBOR + [TBA], (B)
PASS-THROUGH Net Fund Cap Rate, and (C) 14.00%
RATE:
NET FUNDS The Class AV and BV Certificates are
CAP RATE: subject to a Net Funds Cap which will be a
percentage equal to the difference
between (A) the weighted average Group II
mortgage interest rate and (B) the sum of
the servicing fee rate, contingency fee
rate and the trustee fee rate
TRUST TAX STATUS REMIC trust
ERISA The Class AF1 through AF8, and AV
ELIGIBILITY: Certificates WILL be ERISA eligible (and
there will be no prefunding account).
The Class BV Certificates are NOT ERISA eligible
SMMEA The Certificates are NOT SMMEA eligible
ELIGIBILITY: (as there are 2nd mortgages in the pool)
CREDIT Group I: MBIA surety wrap,
ENHANCEMENT: overcollateralization, subordination of excess spread
Group II:Principal subordination, overcollateralization,
subordination of excess spread
THERE IS NO CROSS-COLLATERALIZATION AMONG THE COLLATERAL
GROUPS
LEGAL FINAL Class AF1: 10/03
MATURITY: Class AF2: 5/08
Class AF3: 8/12
Class AF4: 8/17
Class AF5: 6/21
Class AF6: 2/25
Class AF7: 1/39
Class AF8: 1/39
Class AV: 5/26
Class BV: 1/29
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TMSHEL 1997-C COLLATERAL DESCRIPTION
COLLATERAL: The collateral pool will consist of a combination of first
and junior lien home equity loans. These loans are
predominantly used by borrowers to consolidate debt, to
refinance an existing mortgage loan on more favorable
terms, or to obtain cash proceeds by borrowing against the
homeowner's equity in the related mortgage property.
<TABLE>
<CAPTION>
FIXED RATE HOME EQUITY ARM HOME EQUITY LOANS-
LOANS - GROUP I GROUP II
<S> <C> <C>
AGGREGATE POOL BALANCE ($MM) $244.1 $419.8
NUMBER OF LOANS: 6,293 5,023
AVERAGE OUTSTANDING BALANCE: $38,783 ($2,404 - $341,480) $83,580 ($89 - $499,398)
Interest Rate Index: NA 94.3% 6-mo. LIBOR; 5.0%
1-year CMT; 0.7% 1-year LIBOR
PRODUCT TYPE: 98.3% Fixed Rate Loans; 35.8% 6-mo ARM; 31.3%
1.7% Balloons 4-yr/6-mo. ARM; 29.9% 2-yr/6-mo
ARM; 2.7% 3-yr/6-mo ARM;
0.2% other
WEIGHTED AVERAGE GROSS COUPON: 11.61% (5.00% - 16.50%) 10.18% (5.50% - 14.85%)
WEIGHTED AVERAGE GROSS MARGIN: NA 6.07%
WEIGHTED AVERAGE GROSS
INTEREST RATE FLOOR: NA 9.91%
WEIGHTED AVERAGE GROSS
INTEREST RATE CAP: NA 16.30%
WEIGHTED AVERAGE GROSS
PERIODIC INTEREST RATE CAP: NA 1.13%
WEIGHTED AVERAGE
MONTHS TO INTEREST RATE ROLL: NA 24 months (approximately)
WEIGHTED AVERAGE
INTEREST RATE ROLL FREQUENCY: NA 6 months (approximately)
ORIGINAL WEIGHTED AVERAGE TERM: 254 months (36 - 480 360 months (180 - 360
AVERAGE TERM: months) months)
REMAINING C AVERAGE TERM: 254 months 359 months
WEIGHTED AVERAGE SEASONING: 0 months 1 months
LIEN POSITION: 67.7% 1sts/32.3% 2nds 100% 1sts
COMBINED LOAN TO VALUE RATIO: 74.72% 76.81%
PROPERTY TYPE: 80.7% single family; 14.1% 86.4% single family; 5.9%
manufactured housing; 2-4 family; 4.1%
4.1% 2-4 family; 1.1% other manufactured housing; 1.9%
townhouse/condo; 5.8% other
OWNER OCCUPANCY: 96.9% owner; 3.1% investor 96.5% owner; 3.5% investor
property/second property/second
GEOGRAPHIC DISTRIBUTION (*=5%): CA (7.1%), NY (6.5%), PA IL (7.9%), MI (7.1%), WA
(5.8%), WA (5.2%) (6.2%), CA (6.0%), OH
(5.7%)
*=LESS THAN
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
AVERAGE LIFE SENSITIVITY TO CHANGES IN PREPAYMENT RATES
ASSUMES A 10% CLEAN-UP CALL
PREPAYMENT ASSUMPTION (HEP)
18% 22% 24%(1) 26% 28% 32%
WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty.
===========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AF1 0.58 12/98 0.53 8/98 0.50 8/98 0.48 7/98 0.46 7/98 0.43 6/98
Class AF2 1.45 8/99 1.26 5/99 1.18 4/99 1.11 3/99 1.06 2/99 0.97 12/98
Class AF3 2.60 2/01 2.19 7/00 2.04 5/00 1.90 3/00 1.79 1/00 1.59 10/99
Class AF4 4.04 6/02 3.34 8/01 3.07 5/01 2.84 1/01 2.64 10/00 2.33 6/00
Class AF5 5.37 11/03 4.41 9/02 4.04 4/02 3.72 12/01 3.44 8/01 2.98 1/01
Class AF6 7.68 1/07 5.99 7/05 5.40 4/04 4.94 9/03 4.54 2/03 3.90 5/02
Class AF7 9.29 1/07 8.69 7/06 8.25 5/06 7.75 3/06 7.22 1/06 6.21 10/05
Class AF8 6.68 1/07 6.38 7/06 6.25 5/06 6.13 3/06 6.02 1/06 5.82 10/05
- ---------------------------------------------------------------------------------------------------------------------------
NOTE:
(1) "HEP" column notes prepayment speed ramp of The Money
Store 1997-C. The prepayment pricing speed on Class AF1
through AF8 is 24% (or 2.4 times) the HEP, which equates to a
prepayment speed of 2.4% CPR in the first month, increasing by
2.4% CPR each month to 24.0% CPR in month 10, and remaining at
24.0% CPR thereafter on a seasoning adjusted basis.
CPR %
---------------------------------
13% 20% 26%(1) 33% 45% 50%
WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty.
===========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AV 4.39 2/10 2.83 4/06 2.97 1/04 1.58 6/02 1.07 7/00 0.93 3/00
Class BV 9.26 2/10 6.41 6/07 5.69 5/06 5.16 8/05 4.58 1/05 4.40 11/04
- ---------------------------------------------------------------------------------------------------------------------------
NOTE:
(1) "26%" column denotes pricing prepayment speed of TMSHE
1997-C Classes AV, M1V, M2V and BV.
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
AVERAGE LIFE SENSITIVITY TO CHANGES IN PREPAYMENT RATES (CONT'D)
ASSUMES NO 10% CLEAN-UP CALL
PREPAYMENT ASSUMPTION (HEP)
18% 22% 24%(1) 26% 28% 32%
WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty.
===========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AF1 0.58 12/98 0.53 8/98 0.50 8/98 0.48 7/98 0.46 7/98 0.43 6/98
Class AF2 1.45 8/99 1.26 5/99 1.18 4/99 1.11 3/99 1.06 2/99 0.97 12/98
Class AF3 2.60 2/01 2.19 7/00 2.04 5/00 1.90 3/00 1.79 1/00 1.59 10/99
Class AF4 4.04 6/02 3.34 8/01 3.07 5/01 2.84 1/01 2.64 10/00 2.33 6/00
Class AF5 5.37 11/03 4.41 9/02 4.04 4/02 3.72 12/01 3.44 8/01 2.98 1/01
Class AF6 7.70 6/07 5.99 7/05 5.40 4/04 4.94 9/03 4.54 2/03 3.90 5/02
Class AF7 12.86 3/18 10.86 2/15 9.91 10/13 9.01 9/12 8.18 11/11 6.71 4/10
Class AF8 6.78 12/17 6.45 12/14 6.31 8/13 6.19 5/12 6.07 9/11 5.87 2/10
- ---------------------------------------------------------------------------------------------------------------------------
NOTE:
(1) "HEP" column notes prepayment speed ramp of The Money
Store 1997-C. The prepayment pricing speed on Class AF1
through AF8 is 24% (or 2.4 times) the HEP, which equates to a
prepayment speed of 2.4% CPR in the first month, increasing by
2.4% CPR each month to 24.0% CPR in month 10, and remaining at
24.0% CPR thereafter on a seasoning adjusted basis.
CPR %
13% 20% 26%(1) 33% 45% 50%
WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty. WAL Mty.
===========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class AV 4.40 11/10 2.83 4/06 2.10 1/04 1.58 6/02 1.07 7/00 0.93 3/00
- ---------------------------------------------------------------------------------------------------------------------------
Class BV 10.85 6/25 7.15 7/19 6.13 9/14 5.38 10/10 4.62 8/06 4.40 5/05
- ---------------------------------------------------------------------------------------------------------------------------
NOTE:
"26%" column denotes pricing prepayment speed of TMSHE 1997-C
Classes AV, M1V, M2V and BV.
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION
Number of Current Current
Mortgage Principal Principal
Pool Loans Balance Balance
- ------------- --------------- ------------------ -----------------
Fixed 6,293 244,061,976.40 100.00
- ------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- ------------- --------------- ------------------ -----------------
- ------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Program Loans Balance Balance
- -------------- --------------- ------------------ -----------------
90-day Deferred 4,204 163,316,837.19 66.92
Regular Fixed Loans 2,071 80,288,399.02 32.90
Back on Track 18 456,740.19 0.19
- ------------------ --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- ------------------ --------------- ------------------ -----------------
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION
Number of Current Current
Mortgage Principal Principal
Current Balance Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
1 - 10,000 295 2,392,938.33 0.98
10,001 - 20,000 1,454 22,349,269.07 9.16
20,001 - 30,000 1,479 37,085,623.56 15.20
30,001 - 40,000 911 31,824,395.41 13.04
40,001 - 50,000 656 29,536,107.72 12.10
50,001 - 60,000 491 27,100,081.35 11.10
60,001 - 70,000 333 21,655,884.25 8.87
70,001 - 80,000 186 13,941,831.13 5.71
80,001 - 90,000 115 9,812,963.35 4.02
90,001 - 100,000 88 8,415,056.02 3.45
100,001 - 110,000 68 7,147,666.37 2.93
110,001 - 120,000 53 6,117,692.28 2.51
120,001 - 130,000 46 5,733,849.89 2.35
130,001 - 140,000 20 2,696,953.34 1.11
140,001 - 150,000 27 3,909,853.81 1.60
150,001 - 175,000 31 5,011,308.66 2.05
175,001 - 200,000 10 1,887,200.00 0.77
200,001 - 225,000 14 2,983,800.00 1.22
225,001 - 250,000 4 916,078.86 0.38
250,001 - 275,000 2 532,000.00 0.22
275,001 - 300,000 6 1,711,200.00 0.70
300,001 - 325,000 2 620,743.00 0.25
325,001 - 350,000 2 679,480.00 0.28
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 2,404.08
Max: 341,480.00
Average: 38,783.09
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Current Coupon Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
4.501 - 5.000 1 10,593.01 0.00
5.501 - 6.000 1 23,414.08 0.01
6.501 - 7.000 2 95,608.88 0.04
7.501 - 8.000 2 182,420.18 0.07
8.001 - 8.500 1 50,000.00 0.02
8.501 - 9.000 21 1,754,238.51 0.72
9.001 - 9.500 66 5,868,493.19 2.40
9.501 - 10.000 257 22,162,811.70 9.08
10.001 - 10.500 443 29,139,951.12 11.94
10.501 - 11.000 655 34,659,109.04 14.20
11.001 - 11.500 791 30,843,523.27 12.64
11.501 - 12.000 1,079 36,445,544.14 14.93
12.001 - 12.500 1,017 30,391,713.72 12.45
12.501 - 13.000 851 23,040,483.97 9.44
13.001 - 13.500 468 12,723,254.16 5.21
13.501 - 14.000 381 9,985,803.92 4.09
14.001 - 14.500 117 3,075,252.18 1.26
14.501 - 15.000 96 2,586,530.37 1.06
15.001 - 15.500 16 399,161.50 0.16
15.501 - 16.000 27 598,029.46 0.25
16.001 - 16.500 1 26,040.00 0.01
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 5.00
Max: 16.50
WAC: 11.61
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Original Term Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
1 - 60 257 3,437,602.56 1.41
61 - 120 1,161 23,403,019.19 9.59
121 - 180 2,619 85,127,640.54 34.88
181 - 240 595 25,605,923.28 10.49
241 - 300 373 16,478,018.71 6.75
301 - 360 1,255 86,786,885.32 35.56
421 - 480 33 3,222,886.80 1.32
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 36
Max: 480
Weighted Average: 254
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Stated Remaining Term Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
25 - 36 2 35,000.00 0.01
37 - 48 5 59,627.39 0.02
49 - 60 250 3,342,975.17 1.37
61 - 72 23 350,136.35 0.14
73 - 84 90 1,441,371.24 0.59
85 - 96 19 371,343.47 0.15
97 - 108 5 79,155.93 0.03
109 - 120 1,025 21,174,470.78 8.68
121 - 132 4 63,750.50 0.03
133 - 144 19 722,876.03 0.30
145 - 156 1 29,200.00 0.01
169 - 180 2,594 84,298,355.43 34.54
205 - 216 2 142,241.03 0.06
229 - 240 593 25,463,682.25 10.43
241 - 252 1 39,600.00 0.02
289 - 300 372 16,438,418.71 6.74
337 - 348 1 46,343.61 0.02
349 - 360 1,254 86,740,541.71 35.54
469 - 480 33 3,222,886.80 1.32
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 35
Max: 480
Weighted Average: 254
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Combined Original LTV Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
0.01 - 5.00 2 22,250.50 0.01
5.01 - 10.00 10 137,315.98 0.06
10.01 - 15.00 42 638,200.23 0.26
15.01 - 20.00 47 956,289.68 0.39
20.01 - 25.00 65 1,518,286.23 0.62
25.01 - 30.00 104 2,390,244.19 0.98
30.01 - 35.00 97 2,316,269.26 0.95
35.01 - 40.00 108 3,369,411.59 1.38
40.01 - 45.00 145 4,288,590.43 1.76
45.01 - 50.00 158 5,353,080.04 2.19
50.01 - 55.00 170 6,288,377.26 2.58
55.01 - 60.00 238 8,570,106.85 3.51
60.01 - 65.00 332 12,482,027.54 5.11
65.01 - 70.00 513 19,601,955.95 8.03
70.01 - 75.00 557 22,650,977.82 9.28
75.01 - 80.00 1,351 55,263,022.31 22.64
80.01 - 85.00 1,060 44,996,920.06 18.44
85.01 - 90.00 1,034 45,183,212.60 18.51
90.01 - 95.00 165 5,447,474.49 2.23
95.01 - 100.00 95 2,587,963.39 1.06
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 3.94
Max: 100.00
Weighted Average:
74.72
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Paid Thru Date Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
1997-06 4 154,077.61 0.06
1997-07 58 2,164,390.02 0.89
1997-08 632 22,892,240.95 9.38
1997-09 2,815 107,813,363.20 44.17
1997-10 1,859 71,229,750.21 29.19
1997-11 903 38,951,109.00 15.96
1997-12 22 857,045.41 0.35
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
Group I (Fixed Rate) Collateral Description(continued)
Number of Current Current
Mortgage Principal Principal
Adjustment Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
Fixed Rate 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Index Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Fixed Rate 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Lien Position Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
1st Lien 3,310 165,312,019.76 67.73
2nd Lien 2,983 78,749,956.64 32.27
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Property Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Single Family Detached 5,127 196,840,560.61 80.65
Manufactured Housing 849 33,860,422.30 13.87
2-4 Family 211 9,935,464.31 4.07
Townhouse 48 1,720,958.69 0.71
Condo 46 1,127,736.50 0.46
PUD 12 576,833.99 0.24
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Loan Purpose Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
Refinance - Rate Term 2,617 144,490,220.62 59.20
Debt Consolidation 2,301 65,029,982.35 26.64
Refinance - Cashout 1,299 29,932,196.00 12.26
Purchase 75 4,549,618.58 1.86
Real Estate Owned 1 59,958.85 0.02
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Occupancy Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Primary 6,074 236,400,953.42 96.86
Investment 181 6,353,570.42 2.60
Second Home 38 1,307,452.56 0.54
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Documentation Level Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Full Doc -Asset and 6,293 244,061,976.40 100.00
Income
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Geographical Loans Balance Balance
Distribution
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
Alaska 4 145,100.00 0.06
Arizona 158 6,991,767.29 2.86
Arkansas 24 743,814.75 0.30
California 290 17,286,073.57 7.08
Colorado 177 7,454,819.39 3.05
Connecticut 46 2,299,494.40 0.94
Delaware 27 1,651,021.31 0.68
District of Columbia 7 218,700.00 0.09
Florida 233 8,636,333.42 3.54
Georgia 203 7,415,435.35 3.04
Idaho 73 2,232,236.78 0.91
Illinois 303 11,881,631.27 4.87
Indiana 245 8,346,287.51 3.42
Iowa 44 1,433,692.51 0.59
Kansas 143 4,049,201.68 1.66
Kentucky 66 2,530,407.01 1.04
Louisiana 68 2,271,499.57 0.93
Maine 74 2,412,435.48 0.99
Maryland 103 3,887,952.56 1.59
Massachusetts 92 4,024,418.45 1.65
Michigan 334 11,649,448.04 4.77
Minnesota 87 2,560,960.94 1.05
Mississippi 89 3,058,421.13 1.25
Missouri 244 8,714,425.95 3.57
Montana 13 504,729.87 0.21
Nebraska 65 2,315,003.73 0.95
Nevada 84 3,305,298.98 1.35
New Hampshire 33 1,097,902.25 0.45
New Jersey 252 11,219,530.98 4.60
New Mexico 115 4,662,933.20 1.91
New York 358 15,881,801.17 6.51
North Carolina 210 9,747,567.44 3.99
North Dakota 6 196,947.87 0.08
Ohio 308 11,608,021.87 4.76
Oklahoma 103 2,772,182.51 1.14
Oregon 104 3,655,853.88 1.50
Pennsylvania 381 13,545,574.43 5.55
Rhode Island 16 569,110.67 0.23
South Carolina 244 9,688,288.83 3.97
South Dakota 8 261,141.51 0.11
Tennessee 137 4,379,506.22 1.79
Texas 52 2,096,900.28 0.86
Utah 73 2,505,631.77 1.03
Vermont 16 510,732.44 0.21
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP I (FIXED RATE) COLLATERAL DESCRIPTION(CONTINUED)
<S> <C> <C> <C>
Virginia 84 3,489,312.03 1.43
Washington 330 12,659,822.92 5.19
West Virginia 32 1,165,569.09 0.48
Wisconsin 118 3,703,831.72 1.52
Wyoming 17 623,202.38 0.26
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Credit Rating Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
A 1,476 64,659,038.27 26.49
A- 1,970 80,151,848.56 32.84
B 1,265 43,321,807.22 17.75
B- 515 17,250,643.88 7.07
B+ 840 31,198,277.06 12.78
C 190 6,248,364.71 2.56
C- 8 192,175.00 0.08
C+ 29 1,039,821.70 0.43
- --------------------------- --------------- ------------------ -----------------
Total: 6,293 244,061,976.40 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION
Number of Current Current
Mortgage Principal Principal
Pool Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
ARM 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Program Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Regular ARM Loans 3,046 274,217,201.38 65.32
90-day Deferred 1,977 145,602,742.39 34.68
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Current Balance Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
1 - 10,000 3 9,945.51 0.00
10,001 - 20,000 27 467,464.06 0.11
20,001 - 30,000 223 5,893,953.54 1.40
30,001 - 40,000 468 16,710,277.18 3.98
40,001 - 50,000 544 24,631,345.75 5.87
50,001 - 60,000 663 36,664,530.80 8.73
60,001 - 70,000 588 38,274,899.98 9.12
70,001 - 80,000 508 38,163,832.69 9.09
80,001 - 90,000 367 31,238,155.90 7.44
90,001 - 100,000 352 33,560,811.01 7.99
100,001 - 110,000 256 26,926,821.04 6.41
110,001 - 120,000 201 23,166,628.96 5.52
120,001 - 130,000 145 18,148,790.95 4.32
130,001 - 140,000 108 14,613,796.22 3.48
140,001 - 150,000 115 16,723,171.27 3.98
150,001 - 175,000 164 26,410,900.36 6.29
175,001 - 200,000 102 19,016,881.54 4.53
200,001 - 225,000 64 13,572,197.26 3.23
225,001 - 250,000 46 11,006,146.44 2.62
250,001 - 275,000 26 6,802,360.48 1.62
275,001 - 300,000 13 3,797,069.26 0.90
300,001 - 325,000 15 4,673,396.53 1.11
325,001 - 350,000 12 4,095,178.61 0.98
350,001 - 400,000 6 2,212,053.27 0.53
400,001 - 450,000 5 2,083,936.49 0.50
450,001 - 500,000 2 955,398.67 0.23
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 89.14
Max: 499,398.67
Average: 83,579.52
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Current Coupon Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
5.001 - 5.500 1 262,644.77 0.06
6.001 - 6.500 1 112,400.00 0.03
6.501 - 7.000 2 214,216.60 0.05
7.001 - 7.500 69 9,205,251.26 2.19
7.501 - 8.000 88 10,076,831.92 2.40
8.001 - 8.500 212 19,506,232.85 4.65
8.501 - 9.000 325 31,032,594.16 7.39
9.001 - 9.500 470 41,772,651.25 9.95
9.501 - 10.000 808 75,230,255.22 17.92
10.001 - 10.500 1,079 87,254,867.09 20.78
10.501 - 11.000 779 62,482,440.63 14.88
11.001 - 11.500 644 44,751,489.83 10.66
11.501 - 12.000 293 21,308,147.06 5.08
12.001 - 12.500 144 9,497,646.89 2.26
12.501 - 13.000 67 4,690,591.60 1.12
13.001 - 13.500 19 1,237,314.51 0.29
13.501 - 14.000 16 713,386.41 0.17
14.001 - 14.500 3 120,173.46 0.03
14.501 - 15.000 3 350,808.26 0.08
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 5.50
Max: 14.85
WAC: 10.18
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Original Term Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
121 - 180 13 721,267.22 0.17
241 - 300 1 194,564.61 0.05
301 - 360 5,009 418,904,111.94 99.78
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 180
Max: 360
Weighted Average: 360
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Stated Remaining Term Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
169 - 180 13 721,267.22 0.17
289 - 300 1 194,564.61 0.05
313 - 324 1 42,331.19 0.01
337 - 348 5 347,461.50 0.08
349 - 360 5,003 418,514,319.25 99.69
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 170
Max: 360
Weighted Average: 359
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Combined Original LTV Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
5.01 - 10.00 1 27,976.42 0.01
10.01 - 15.00 6 246,177.39 0.06
15.01 - 20.00 15 551,986.68 0.13
20.01 - 25.00 13 478,320.04 0.11
25.01 - 30.00 30 1,213,346.47 0.29
30.01 - 35.00 36 1,929,768.30 0.46
35.01 - 40.00 52 2,345,713.92 0.56
40.01 - 45.00 67 3,489,576.45 0.83
45.01 - 50.00 95 5,382,811.98 1.28
50.01 - 55.00 118 7,536,337.86 1.80
55.01 - 60.00 183 12,187,379.13 2.90
60.01 - 65.00 296 21,008,097.64 5.00
65.01 - 70.00 463 35,483,472.17 8.45
70.01 - 75.00 606 49,983,422.94 11.91
75.01 - 80.00 1,462 129,082,936.33 30.75
80.01 - 85.00 952 81,232,218.90 19.35
85.01 - 90.00 591 64,274,407.48 15.31
90.01 - 95.00 35 3,229,283.20 0.77
95.01 - 100.00 2 136,710.47 0.03
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 7.00
Max: 99.24
Weighted Average: 76.81
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Paid Thru Date Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
1997-06 5 521,703.40 0.12
1997-07 106 10,313,149.94 2.46
1997-08 625 58,536,998.71 13.94
1997-09 2,671 230,730,953.58 54.96
1997-10 1,029 76,470,741.05 18.22
1997-11 526 38,601,087.09 9.19
1997-12 61 4,645,310.00 1.11
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Adjustment Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
ARM 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Index Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Libor - 6 Month 4,828 396,042,345.21 94.34
Treasury - 1 Year 166 20,973,621.50 5.00
Libor - 1 Year 29 2,803,977.06 0.67
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Lien Position Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
1st Lien 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Property Type Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
Single Family Detached 4,335 362,601,515.56 86.37
2-4 Family 259 24,646,227.95 5.87
Manufactured Housing 270 17,040,371.73 4.06
PUD 55 7,647,927.71 1.82
Condo 64 4,568,708.34 1.09
Townhouse 40 3,315,192.48 0.79
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Loan Purpose Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Refinance - Rate Term 3,741 316,637,278.42 75.42
Purchase 607 66,934,882.89 15.94
Debt Consolidation 351 19,179,361.38 4.57
Refinance - Cashout 324 17,068,421.08 4.07
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Occupancy Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
Primary 4,804 405,233,398.47 96.53
Investment 196 12,914,319.88 3.08
Second Home 23 1,672,225.42 0.40
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Documentation Level Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
Full Doc -Asset and 5,023 419,819,943.77 100.00
Income
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Geographical Loans Balance Balance
Distribution
- --------------------------- --------------- ------------------ -----------------
Alaska 6 471,621.35 0.11
Arizona 81 6,541,305.86 1.56
Arkansas 5 281,453.82 0.07
California 199 25,128,962.24 5.99
Colorado 144 15,194,715.64 3.62
Connecticut 65 7,583,486.99 1.81
Delaware 12 1,115,698.03 0.27
District of Columbia 31 3,128,007.31 0.75
Florida 192 15,375,128.15 3.66
Georgia 162 14,074,072.29 3.35
Idaho 116 8,269,207.13 1.97
Illinois 346 33,118,432.79 7.89
Indiana 213 13,159,711.60 3.13
Iowa 26 1,401,290.28 0.33
Kansas 58 3,338,182.50 0.80
Kentucky 100 5,791,416.38 1.38
Louisiana 57 3,773,345.32 0.90
Maine 57 3,891,560.71 0.93
Maryland 124 13,883,937.27 3.31
Massachusetts 171 18,374,158.23 4.38
Michigan 416 29,811,541.98 7.10
Minnesota 110 8,720,793.23 2.08
Mississippi 17 937,955.95 0.22
Missouri 166 10,408,475.28 2.48
Montana 13 804,942.11 0.19
Nebraska 17 828,678.02 0.20
Nevada 27 3,105,159.40 0.74
New Hampshire 46 3,386,928.23 0.81
New Jersey 104 10,345,863.20 2.46
New Mexico 61 4,608,244.88 1.10
New York 165 14,487,969.05 3.45
North Carolina 116 8,799,995.17 2.10
North Dakota 2 64,800.00 0.02
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
<S> <C> <C> <C>
Ohio 333 23,988,792.30 5.71
Oklahoma 33 2,275,515.74 0.54
Oregon 74 6,622,704.60 1.58
Pennsylvania 265 18,693,831.96 4.45
Rhode Island 25 2,191,330.22 0.52
South Carolina 41 2,917,390.59 0.69
South Dakota 3 247,514.20 0.06
Tennessee 95 7,338,766.91 1.75
Texas 100 9,418,817.70 2.24
Utah 100 9,627,528.55 2.29
Vermont 19 1,515,074.57 0.36
Virginia 73 7,572,088.68 1.80
Washington 279 26,053,017.63 6.21
West Virginia 14 854,142.23 0.20
Wisconsin 135 9,471,067.90 2.26
Wyoming 9 825,319.60 0.20
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Credit Rating Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
A 699 65,337,574.14 15.56
A- 1,472 139,752,848.28 33.29
B 1,222 91,193,786.79 21.72
B- 531 36,954,479.02 8.80
B+ 831 69,840,461.35 16.64
C 207 12,493,811.83 2.98
C- 12 663,774.07 0.16
C+ 49 3,583,208.29 0.85
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Margin Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
2.501 - 3.000 1 262,644.77 0.06
3.001 - 3.500 1 186,965.48 0.04
3.501 - 4.000 10 1,159,460.75 0.28
4.001 - 4.500 17 1,523,426.83 0.36
4.501 - 5.000 416 38,718,720.59 9.22
5.001 - 5.500 989 81,691,013.22 19.46
5.501 - 6.000 826 73,378,699.96 17.48
6.001 - 6.500 1,616 126,568,855.53 30.15
6.501 - 7.000 730 59,846,566.12 14.26
7.001 - 7.500 198 18,138,487.31 4.32
7.501 - 8.000 135 11,773,943.53 2.80
8.001 - 8.500 37 3,281,332.76 0.78
8.501 - 9.000 28 1,969,512.24 0.47
9.001 - 9.500 10 728,581.10 0.17
9.501 - 10.000 5 268,571.48 0.06
10.001 - 10.500 3 258,377.81 0.06
10.501 - 11.000 1 64,784.29 0.02
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 2.750
Max: 10.725
Weighted Average: 6.071
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Maximum Rate Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
10.001 - 10.500 1 99,920.44 0.02
11.001 - 11.500 1 262,644.77 0.06
12.001 - 12.500 1 112,400.00 0.03
12.501 - 13.000 2 214,216.60 0.05
13.001 - 13.500 70 9,258,198.45 2.21
13.501 - 14.000 86 10,097,867.98 2.41
14.001 - 14.500 198 18,028,019.90 4.29
14.501 - 15.000 301 27,587,303.96 6.57
15.001 - 15.500 428 36,852,334.45 8.78
15.501 - 16.000 724 66,988,270.39 15.96
16.001 - 16.500 1,015 80,867,358.93 19.26
16.501 - 17.000 802 64,683,971.08 15.41
17.001 - 17.500 705 52,729,993.82 12.56
17.501 - 18.000 376 29,991,527.09 7.14
18.001 - 18.500 163 11,215,614.38 2.67
18.501 - 19.000 81 5,897,739.49 1.40
19.001 - 19.500 35 2,712,840.16 0.65
19.501 - 20.000 22 1,383,650.05 0.33
20.001 *= 12 836,071.83 0.20
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 10.400
Max: 20.875
Weighted Average: 16.303
*=GREATER THAN
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Minimum Rate Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C> <C>
2.501 - 3.000 1 80,662.64 0.02
5.001 - 5.500 1 262,644.77 0.06
5.501 - 6.000 2 243,922.11 0.06
6.001 - 6.500 2 211,340.03 0.05
6.501 - 7.000 2 214,216.60 0.05
7.001 - 7.500 71 9,325,122.53 2.22
7.501 - 8.000 95 10,920,353.58 2.60
8.001 - 8.500 213 19,567,736.71 4.66
8.501 - 9.000 326 31,105,691.07 7.41
9.001 - 9.500 470 41,745,579.61 9.94
9.501 - 10.000 811 75,294,683.37 17.93
10.001 - 10.500 1,077 87,462,375.96 20.83
10.501 - 11.000 774 61,572,370.65 14.67
11.001 - 11.500 641 44,200,203.09 10.53
11.501 - 12.000 289 21,231,719.08 5.06
12.001 - 12.500 143 9,443,779.23 2.25
12.501 - 13.000 64 4,515,860.10 1.08
13.001 - 13.500 19 1,237,314.51 0.29
13.501 - 14.000 16 713,386.41 0.17
14.001 - 14.500 3 120,173.46 0.03
14.501 - 15.000 3 350,808.26 0.08
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 2.875
Max: 14.850
Weighted Average: 10.160
- --------------------------- --------------- ------------------ -----------------
- --------------------------- --------------- ------------------ -----------------
Number of Current Current
Mortgage Principal Principal
Periodic Rate Cap Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
0.501 - 1.000 4,404 352,903,027.64 84.06
1.001 - 1.500 257 26,599,342.77 6.34
1.501 - 2.000 362 40,317,573.36 9.60
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 1.000
Max: 2.000
Weighted Average: 1.128
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Next Rate Adjustment Loans Balance Balance
Date
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C>
1997-10 36 3,246,671.96 0.77
1997-11 91 8,832,225.79 2.10
1997-12 153 13,537,679.19 3.22
1998-01 319 28,483,246.73 6.78
1998-02 486 39,795,549.38 9.48
1998-03 418 35,527,519.71 8.46
1998-04 83 9,097,683.47 2.17
1998-05 55 7,113,622.64 1.69
1998-06 14 1,638,874.42 0.39
1998-07 13 1,269,406.43 0.30
1998-08 13 1,287,547.90 0.31
1998-09 7 556,650.13 0.13
1998-11 1 82,817.07 0.02
1999-01 1 52,754.82 0.01
1999-02 8 678,400.06 0.16
1999-03 10 840,025.03 0.20
1999-04 28 2,770,888.60 0.66
1999-05 99 9,685,230.52 2.31
1999-06 226 22,490,434.24 5.36
1999-07 407 38,154,454.60 9.09
1999-08 391 37,010,797.06 8.82
1999-09 164 13,757,444.09 3.28
1999-10 7 390,640.00 0.09
2000-01 1 303,045.31 0.07
2000-02 3 366,555.93 0.09
2000-03 8 1,034,842.62 0.25
2000-04 5 402,106.88 0.10
2000-05 7 474,630.13 0.11
2000-06 26 2,150,341.62 0.51
2000-07 42 4,297,256.62 1.02
2000-08 25 2,535,592.25 0.60
2000-09 6 523,965.00 0.12
2001-04 15 928,339.39 0.22
2001-05 15 945,253.99 0.23
2001-06 27 1,894,704.73 0.45
2001-07 309 21,455,612.51 5.11
2001-08 713 50,772,950.08 12.09
2001-09 703 49,374,422.87 11.76
2001-10 88 6,059,760.00 1.44
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
Min: 1997-10-01
Max: 2001-10-01
Weighted Average: 1999-09
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
GROUP II (ADJUSTABLE RATE) COLLATERAL DESCRIPTION(CONTINUED)
Number of Current Current
Mortgage Principal Principal
Months to Roll Loans Balance Balance
- --------------------------- --------------- ------------------ -----------------
<S> <C> <C> <C> <C>
1 - 6 1,503 129,422,892.76 30.83
7 - 12 185 20,963,784.99 4.99
13 - 24 1,335 125,523,246.09 29.90
25 - 36 130 12,478,976.36 2.97
37 - 48 1,782 125,371,283.57 29.86
49 - 60 88 6,059,760.00 1.44
- --------------------------- --------------- ------------------ -----------------
Total: 5,023 419,819,943.77 100.00
- --------------------------- --------------- ------------------ -----------------
Min: 1
Max: 49
Weighted Average: 24
- --------------------------- --------------- ------------------ -----------------
</TABLE>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
<PAGE>
CONTACTS
Asset Finance Group ABS/MBS CAPITAL MARKETS
PHONE PHONE
NY: James Fadel 761-1842 NY: David Warren 761-1400
Valerie Kay 761-2162 Yared Yawand-Wossen 761-1973
Marcelo Spina 761-1852 Mike Sternberg 761-1976
Judy Tan 761-2108
LN: Eden Riche 425-7702
Tim Drayson 425-7046
Steve White 425-7045
TK: Atsuo Akai 542-7832
DEBT SYNDICATE ASSET BACKED TRADING
PHONE PHONE
NY: Raj Dhanda 761-1955 NY: Ryan Marshall 761-2060
LN: Michael Dee 425-7700 Howie Hubler 761-2088
TK: Al Lord 286-9343 LN: Rob Rooney 425-7043
HK: Iain Hardie 848-5996 Michael Dillon 425-7360
Charlotte Bray 425-7043
ASSET BACKED RESEARCH
PHONE
NY: Chip Schorin 761-1452
Steve Weinreich 761-1458
Please Direct
All Questions and Orders to
ABS/MBS Capital Markets
David Warren (x1400)
Yared Yawand-Wossen (x1973)
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by The Money Store, Inc. with respect to the expected
characteristics of the pool of home equity loans in which these securities will
represent undivided beneficial interests. The actual characteristics and
performance of the home equity loans will differ from the assumptions used in
preparing these materials, which are hypothetical in nature. Changes in the
assumptions may have a material impact on the information set forth in these
materials. No representation is made that any performance or return indicated
herein will be achieved. For example, it is very unlikely that the loans will
prepay at a constant rate or follow a predictable pattern. This information may
not be used or otherwise disseminated in connection with the offer or sale of
these or any other securities, except in connection with the initial offer or
sale of these securities to you to the extent set forth below. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THESE
MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. Additional information is
available upon request. These materials do not constitute an offer to buy or
sell or a solicitation of an offer to buy or sell any security or instrument or
to participate in any particular trading strategy. ANY SUCH OFFER TO BUY OR SELL
ANY SECURITY WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS AND PROSPECTUS
SUPPLEMENT PREPARED BY THE ISSUER WHICH WOULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED IN THESE MATERIALS. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL
CONTAIN ALL MATERIAL INFORMATION IN RESPECT OF ANY SUCH SECURITY OFFERED THEREBY
AND ANY DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE
UPON SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT
NOT DEFINED HEREIN ARE TO BE READ IN CONJUNCTION WITH SUCH PROSPECTUS AND
PROSPECTUS SUPPLEMENT. In the event of any such offering, these materials,
including any description of the loans contained herein, shall be deemed
superseded, amended and supplemented in their entirety by such Prospectus and
Prospectus Supplement. To Our Readers Worldwide: In addition, please note that
this information has been provided by Morgan Stanley & Co. Incorporated and
approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend
that investors obtain the advice of their Morgan Stanley & Co. International
Limited or Morgan Stanley Japan Ltd. representative about the investment
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
